Which of the following would have the highest gross margin?
A) Birks jewellers
B) IGA grocery
C) Holt Renfrew department store
D) IKEA furniture
E) A Buck or Two discount

Question

Quizplus · Accepted Answer

Birks jewellers is likely to have the highest gross margin because their products are high-end luxury items and are priced accordingly. IGA grocery and IKEA furniture have lower margins due to the competitive nature of their industries and the need to keep prices low for consumers. Holt Renfrew department store may have relatively high margins, but not as high as a luxury jeweler like Birks. A Buck or Two discount store likely has the lowest margin of all the options.

Which of the Following Would Have the Highest Gross Margin