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)
and as such is available under the Creative Commons Attribution/Share-Alike License.
markup
Noun
- The notation that is used to indicate how text should be displayed.
- 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.
- 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
- To increase the price of something between its wholesale and retail phase.
- 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.