The Minimum profit % is just what it says. If you enter 5% here then all parts will be sold for at least 5% over your cost. If you enter 0%, then parts could theoretically be sold for your cost. This calculation is used for parts when your calculated selling prices exceeds the cost that WorldPac sells to you for. For example, WorldPac may buy a part from the local dealer. If they do this, they will likely pay somewhere around 25% off list price. If your Markup % calculates a price over 25% off List, then the selling price would be WorldPac cost to you + the Minimum profit %.
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