Question: Can you explain the correct approach to solve this general accounting question? Westfield Department Store reported $1,250,000 in merchandise sales, had $175,000 in returns, and

Can you explain the correct approach to solve this general accounting question?

Can you explain the correct approach to solve
Westfield Department Store reported $1,250,000 in merchandise sales, had $175,000 in returns, and offered a 2.5% discount on the balance when paid within 10 days. What were Westfield's net sales after all customers paid within the discount period? A. $1,048,125 B. $1,046,875 C. $1,218,750 D. $1,031,250

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