Markup

Business, Legal & Accounting Glossary

Definition: Markup


Markup

Quick Summary of Markup


When a business increases the price of an item before it is sold. For example: if a Fridge was bought for £600 and is sold for £800, the markup is £200.




What is the dictionary definition of Markup?

Dictionary Definition


  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.
  3. An increase in price.

Full Definition of Markup


The difference between the lowest current offering price among dealers and the higher price that a dealer charges to a customer. opposite of markdown.


Examples of Markup in a sentence


You should try and not do too much of a markup on your product if you really want it to sell quickly.

The markup was for a full seventy-five percent. This is why we made sure to never purchase products from them.

The market of food experiences a serious markup when it comes to goods imported from around different countries in the world.


Related Phrases


cost-plus pricing
maintenance markup
riskless transaction
proceeds sale
stock cycle
fixed-markup UML
yield burning
markup pricing
scalp


Cite Term


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Page URL
https://payrollheaven.com/define/markup/
Modern Language Association (MLA):
Markup. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
October 05, 2022 https://payrollheaven.com/define/markup/.
Chicago Manual of Style (CMS):
Markup. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/markup/ (accessed: October 05, 2022).
American Psychological Association (APA):
Markup. PayrollHeaven.com. Retrieved October 05, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/markup/

Definition Sources


Definitions for Markup are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th November, 2021 | 0 Views.