Business, Legal & Accounting Glossary
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.
The difference between the lowest current offering price among dealers and the higher price that a dealer charges to a customer. opposite of markdown.
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.
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This glossary post was last updated: 7th November, 2021 | 0 Views.