answersLogoWhite

0


Best Answer

Higher gross profit indicates high profit margins which is good!

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you want Gross profit rate high or low?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Your wc is level 80 how do you get it to 99 fast should you keep cutting willows or cut yews?

If you want fast exp but low profit then cut willows If you want median exp and median profit then cut Maples If you want slow exp and high profit then cut yews.


Is a high or low birth rate better?

it depends on what you want to achieve.


Do you want a high or low interest rate in a savings bond?

If you are investing in a savings bond, you wish for it to have a high rate of interest. If you are selling savings bonds, you wish it to be at a low rate of interest.


How do you price for retail?

Practically speaking, you basically have two options for how to price products and services:based on your costbased on your competition's pricesTheoretically speaking, you always want to price something as high as the market will bear. In others words, you want to charge as much as your customers will pay.You might try experimenting with prices to see how much you sell at different prices.Mathematically, if you need /want to make a Gross Profit on sales of, say, 40% then you need to be able to calculate a MARK-UP percentage that will deliver you 40% when you 'retail' (sell) the item. How do you work that out? Easy; you simply subtract the 40 (as in 40%) from 100 (per-centum) which equals 60, and then divide the 40 by 60 and hit the % key on the calculator. This will result in a figure of '66.66666' (or 66.7) so you need to add (or 'mark up') 66.7% to the cost of the item. If the cost of the item was $1.00, then the 'retail' price after adding 66.7% would be $1.67. If someone actually buys the item at $1.67 then your GROSS PROFIT on the sale is $0.67 cents. Now if you divide that profit of 0.67c by 1.67 (the selling price) and hit the % key the result will show as 40.12% - VOILA, your retail price has delivered the 40% gross profit you wanted or needed.NOTE: Adding 40% to the cost will result in a gross profit of 28.5% on sales.Similarly, If you want a gross profit of say, 55% - subtract the 55 from 100 (= 45) and divide the 55 by the 45 and hit the % key, which results in 122.2% So one can see that to achieve a GP of 55% one must mark up on cost by 122.2%


Is it common for a service company to charge eighteen percent on everything even their labor?

No. 18% is very low. Most companies will want to make 35 - 50% Gross Profit on parts and 65 - 80% on labor. So you would charge $100 for a part which costs $60; and charge $100 for an hour's labor when you pay the employee $25/hr. Even a law firm or accounting firm will mark up labor by more than 18%, although their gross profit on labor (hours) will not be as high as other industries.


Would you want a high or low interest rate when you borrow money?

You would want a low interest rate because you are paying interest. Wow I just answered my own question:-)


What is a good lcd monitor to use with a desktop computer?

No matter the brand, you will want something with a high refresh rate. You will want to find something with a rate of 8ms or below. If you want something really nice, a 2-4 ms refresh rate is very good.


What are the applicable taxes by importer who want to sale high seas?

sir! if i purachase some material from abroad and commit with an agreement from the exporter .. due to market hike . i sold the material before shipment .for that i get some profit .for that profit how much i want to pay as income tax


Is it good to have a high death rate?

no y in the world would it be good do u want to die soon


If you want to give your savings to an invester and it will pay you back with a fix rate is this considered prohibited?

As you have catgorized your question in section Quran therefore i think you want your answer in the light of Quran, according to Islam it is prohibited and its known as "Sood (Interest)" which is Haram. but if you are accompanied with him in profit and loss percentage like if he has a loss then you should also bare the losses and if he has profit he'll give you the fix profit percentage then it's not prohibited.


Private sector undertakings why you do not respect 50 years old employees?

coz private undertakings they want young and more active..at any rate they want to earn profit..the main motive of private sector is to earn profits..


If you are a csi and want to live in the US where to go?

Chicago. end of story. extremely high crime rate. Just do it