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Q: Why would a discount store have a lower gross margin percent than a jewelry store?
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Continue Learning about Statistics

Distinguish between a gross sample and a laboratory sample?

In geology say, a gross sample would be a representative sample of the whole rock. A lab sample would be a fraction of that, refined such that measurements are able to be made on a single mineral. for example, a piece of basalt would be a convenient field (gross) sample, from which say, mica is extracted after grinding and separation, to enable the 'date' of the basalt to be determined. Similar concepts would apply in other fields, such as biology, botany, water sampling and so on.


Why use robust Coefficient of variation?

Robust statistics provide an alternative approach to classical statistical estimators such as mean, standard deviation (SD), and percent coefficient of variation (%CV). These alternative procedures are more resistant to the statistical influences of outlying events in a sample population-hence the term "robust." Real data sets often contain gross outliers, and it is impractical to systematically attempt to remove all outliers by gating procedures or other rule sets. The robust equivalent of the mean statistic is the median. The robust SD is designated rSD and the percent robust CV is designated %rCV. For perfectly normal distributions, classical and robust statistics give the same results. Saleh Khudirat, PhD


If you get paid 10200000 a year how much do get paid every two weeks?

gross pay would be 392307.69 biweekly10200000/year x 1 year/52weeks x 2 weeks= 392307.69 biweeklyif you need to experiment on further with salary estimation, you may use the online calculator linked below.


Pseudocode input list employee name and salaries average?

Start//declare the variablesString employeeNameReal hoursWorkedReal hourlyPayRateReal grossPayReal netPayReal taxRateInteger const MAX_EMPLOYEES = 250Integer employeeCountBoolean continueCharacter inputCharCall displayOpeningMessage//initialize the loop control variablesemployeeCount = 0continue = true//process employees until user wants to stop or maximum number//of employees have been reachedwhile (continue = true AND employeeCount


What does Cumulative Gross mean?

it means1. increasing or growing by accumulation or successive additions: the cumulative effect of one rejection after another. 2. formed by or resulting from accumulation or the addition of successive parts or elements. 3. of or pertaining to interest or dividends that, if not paid when due, become a prior claim for payment in the future: cumulative preferred stocks.Now please answer mine!!just type these question into the box and answer them if you know the answer! :)•What is your fav song?•What happened to the teen trend doll website?•What is America's all time favorite song?•Is Miley Cyrus a goofy actress?•Was Zora from Sonny With aChance on a stackers comerical?thx! -:) (look my smiley face has a mohawk!!)

Related questions

Is the percent margin of wages taken from the gross or nett?

gross


What is the gross margin percent on an item with the selling price of 60.00 when the cost of the item is 40.00?

50%


What is gm percentage?

Gross Margin % which is calculated as Gross Margin / Sales


What is LTM gross margin?

Last Twelve Months Gross Margin


What is the difference between gross margin and profit margin?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.


Calculate gross margin percentage?

Gross Profit/Net Sales = Gross Profit Margin.


What is the difference of gross profit and gross margin?

Gross profit is the amount of profit in dollars...gross margin is the % profit to expenses


How do you calculate gross margin ratio?

gross margin ratio is calculated as >GROSS PROFIT/NET SALES


What is the difference between net and gross margin?

Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.


How do you calculate sales using COGS and gross margin?

Yes. COGS is the difference between Sales and Gross Margin. If your gross margin is 40%, then your COGS is 60% (100% - 40%). So, if your Sales are 1,000 and you have a 40% Gross Margin, your COGS = 600 (1,000 x 60%) or (1,000 - 400).


What is the difference between gross margin and gross profit?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.


What affects gross margin?

The Gross Margin, also known as the Gross Profit Margin, is an expression of the Gross Profit as a percentage of the Revenue. It is calculated using the following: Gross Profit Margin = Gross Profit/Revenue*100 Looking at the input variables of the equation, it is clear that the factors that would affect the Gross Profit Margin would be the Gross Profit and the Revenue. What affects Gross Profit and Revenue would be an endless topic of it's own.