The term 'gross' can refer to the highest amount of sales or income before deductions, or to a quantity in merchandise, specifically 12 dozen or 144 items.
Gross Revenue, also known as Gross Sales, refers to the total sales revenue of a company at invoice values, before any deductions for customer discounts, returns, allowances, or other adjustments.
Net Sales refers to the revenue that remains after deducting returns and allowances, freight out, and cash discounts allowed from the gross sales.
Understanding the concept of overage in both general terms and within the context of retail leases is essential for businesses and investors.
