MARKUP

Markup

Markup is the difference between the cost of a good or service and its selling price. A markup is added onto the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product. Markup can be expressed as a fixed amount or as a percentage of the total cost or selling price. Retail markup is commonly calculated as the difference between wholesale price and retail price, as a percentage of wholesale. Other methods are also used.

The above text is a snippet from Wikipedia: Markup (business)
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markup

Noun

  1. The notation that is used to indicate how text should be displayed.
  2. The percentage or amount by which a seller hikes up his buy-in price when determining his selling price.
    You don’t make much money selling gas because the markup is so low.
  3. An increase in price.
    There will be a markup on those products next week; better buy them now.


The above text is a snippet from Wiktionary: markup
and as such is available under the Creative Commons Attribution/Share-Alike License.

mark up

Verb

mark up

  1. To increase the price of something between its wholesale and retail phase.
  2. To add coding to text so that it will display properly on a computer.


The above text is a snippet from Wiktionary: mark up
and as such is available under the Creative Commons Attribution/Share-Alike License.

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