Net sale price is the amount of the sales price a seller will receive. The net sale price subtracts any related expenses from the gross sale price. People use net sale price in a variety of transactions, such as selling a house. There is the sales price of the house and then expenses such as estate agent fees, which are deducted from the sales price to determine the net sale price.
- Skill level:
Determine how much the item was sold for to another person. For example, a person sells a bicycle at a friend's garage sale. In return for selling the bike, he tells his friend he will pay him 5 per cent of the selling price. The bicycle sells for £120.
Determine any expenses related to selling the item. In our example, the person promised a 5 per cent commission for selling the bicycle. Therefore, £120 times 5 per cent equals £6 in commission.
Subtract from the sales price any related expenses to determine the net sale price. In our example, £120 minus £6 equals a £114 net sale price.
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