Markup

Business, Legal & Accounting Glossary

Definition: 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.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/markup/
Modern Language Association (MLA):
Markup. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 13, 2020 https://payrollheaven.com/define/markup/.
Chicago Manual of Style (CMS):
Markup. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/markup/ (accessed: July 13, 2020).
American Psychological Association (APA):
Markup. PayrollHeaven.com. Retrieved July 13, 2020, 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: 25th August, 2019 | 2 Views.