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Q: Is the increase in the amount of an item in order for a store to make a profit?
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Continue Learning about Accounting

What are business deductions?

these are expenses which are deducted from the income of a business and reduce their amount of taxable income. for example, the cost of a renting a store will be deducted from a stores profit.


What is a good gross profit margin for a gift store?

£250, 000.


I work at Walgreen's 9277 how do i get information on how much profit share i have?

either at your store in storenet, or at employee.walgreens.com (you have to have your authenticator ID and password)


What is the difference between profit and turnover?

Profit is the amount of money left over from a sale after all costs, including labor, building rent, utilities, theft, etc. has been taken out. As AN example, a Walmart store has $44 million in sales, $39 million in costs and expenses, and $2.8 million in taxes, leaving roughly 5 % profit. Turnovers is a term to express the numbers of time that the stores inventory is sold in a year, i.e. this Walmart may turn 11 times, if it's inventory is $4.4 million.


Is it more profitable for a retailer to pay your sales tax than give you a discount up front?

It will depend on the amount of sales tax in their jurisdiction and the amount of the discount. If the tax and the discount are the same, it is more beneficial to the purchaser to get the discount. To the Seller, it makes almost no difference! At 6% tax rate: On a $100 item -> You pay $100 and store pays $6 tax. Store gets to keep $94. On a $94 item ($100 with 6% discount)-> You pay $94 and you pay $5.64 tax (total $99.64). Store still gets to keep $94. There is a slight advantage to the store in that in most jurisdiction there is a tax free amount each month, to cover the cost of the bookkeeping and reporting of taxes, but in a big volume store, that will be a very small percentage of the total amount.

Related questions

Why would a manager sacrifice some profit in order to increase sales?

They would do this because they know human nature. People will come into the store for something on sale, feel good about it, and most times will also buy something else. The something else will provide profit.


How a society can raise capital?

A society can increase fund by contributing money as much as possible.secondly they can open general store ,foodbazzar , acssessories etc, so that whatever profit earned by this store will be the society profit. for e.g. suppose a person buys monthy goods for Rs 4000/- in that their is profit of 500/-Rs, therefore, if he buys from society shop society may earn a profit of 500/-Rs.


How does apple make a profit on gift cards - or don't they need to?

They give the artists a paltry amount for each song purchased, so £25 in the iTunes store is not £25 of music, and they simply keep the profit.


How do you increase the amount of Digimon you can hold in Digimon World Dawn?

I would say save up some bits and increase the amount of DPU you have on your farm island and just store them there.I'm not completely sure that will work.


A store makes a profit of 25 on each graphing calculator it sells How many calculators must the store sell to make a profit of at least 275?

a store make a profit of 25 on each graphing calculator it sell.how many calculator must the store sell to make profit of at least $275


What are business deductions?

these are expenses which are deducted from the income of a business and reduce their amount of taxable income. for example, the cost of a renting a store will be deducted from a stores profit.


How does a store earn a profit?

They sell goods to the consumer at a price higher than it costs for them to deliver them. This principal relates to every company that generates a profit. The profit is the difference between what you pay the store, and what it cost the store to provide to you. E.g. a tin of baked beans costs a store 10p to buy from the supplier and 5p to store on a shelf in their store. If they sell the beans to you at anything above 15p, they are making a profit.


The store made a 60 profit on the 180 selling price of the coat What was the store's profit?

I assume your question is 60 percent profit on 180 selling price. The store cost is x, and the profit is 0.60x; the selling price is 180, then x + .60x = 180 1.6 x = 180 x x = 112.50 = cost .60x = 67.50 = PROFIT


Does clearing a forest increase the amount of carbon dioxide in the atmosphere?

Yes because trees and plants absorb carbon dioxide and store the carbon.


There are a lot of great ways to generate extra money from an eCommerce store, non-profit website, blog, or any other type of site?

just impress them with an amount and effort on an essay


How much profit in mcdonalds store?

Each store's profit is different because it depends on their volume of business based off of their location, type of day, any events going.


What kind of buisiness should you set up in order for it to be successful and popular?

They kind of business you should set up in order to be successful and popular depends on the area where you plan to run the business. In some areas a small grocery store will turn a profit and other areas a high-end specialty store will be successful. Other ideas are a yogurt store, scrapbooking store, art museum, and gas station.