In sales & retail, markup means: The amount added to the cost of a product to set its selling price, usually shown as a percentage of the cost.
In Turkish: kar payı, maliyet üzerine eklenen pay, fiyat artış oranı
How it is used
Used in retail, wholesale and pricing. A product that costs 100 and sells for 150 has a 50% markup. You add, apply or calculate a markup, and a high-markup product earns more per unit. The verb is mark up.
Example sentences
Restaurants often put a markup of 200 percent or more on drinks.
With a 40 percent markup, an item that costs 50 lira sells for 70.
Common collocations
add a markup
high markup
markup percentage
mark up prices
Related terms
marginThe difference between what a product sells for and what it costs, often shown as a percentage of the selling price.
list priceThe official price of a product as shown in a price list or catalogue, before any discounts are applied.
markdownA permanent reduction in the selling price of an item, usually to sell slow-moving or end-of-season stock.
discountA reduction in the normal price of a product or service, given for example to win a deal, reward a loyal customer or sell old stock.
