eBook Calculator Gross profit percent and markup percent Companies with low gross profit and markup percents often have higher volumes of sales than companies with high gross profit and markup percents 1. In order to earn a significant profit, companies with low gross profit and markup percents must sell more merchandise. companies with high gross profit and markup percents often sell expensive merchandise, which has a smaller market for sa 2The following data (in millions) were adapted from operates supermarkets, while Tiffany designs and sells jewelry, china, watches, and other expensive m recent financial statements of The Kroger Co. (KR) and Tiffany & Co. (TIF) Kroger $108,465 $4,250 Sales Cost of goods sold (85,512) (1,713) Gross profit Compute the gross profit percent and average markup percent Kroger and Tiffany. Round the gross profit percent and average markup percent to one decimal place. $22,953 $2,537 Kroger Tiffany 3. Which of the following statements is incorrect regarding the comparison of financial ratios that are useful for assessing the operations and Previous Chock ay Work