student asking question

What's "net" mean here? Isn't it something used for sports?

teacher

Native speaker’s answer

Rebecca

No, "net sales" is a business term which refers to the total amount of sales made by a business after all deductions have been considered (missing products, returns, discounts, and so on). If you see "net" in front of a word like "sales" or "profit," it's referring to your total sales after other things have been deducted. Ex: Net sales have increased by 10% over the last quarter. Ex: Our net sales have gone down as consumers are spending less due to inflation.

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