Simple Definition of markup
: an amount added to the price of something : the difference between the cost of producing something and its selling price
Full Definition of markup
1 : an amount added to the cost price to determine the selling price; broadly : profit
2 : a United States Congressional committee session at which a bill is put into final form before it is reported out
Examples of markup in a sentence
The retail markup on their products is 25 percent.
selling used cars at high markups
First Known Use of markup
Seen and Heard
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