markup

Definitions (3)
Related Terms
1. Budgeting: Line-by-line review of a budget for approval, disapproval, or modification by a committee formed for the purpose.
2. Distribution: Difference in prices at different stages (price points) between a producer and the ultimate buyer.
3. Pricing: Amount added to the cost price of an item to cover incidental costs (interest, labor, taxes, utilities) and to provide for profit in the item's selling price.

Use 'markup' in a Sentence

If your product gets really hot and everyone wants it you can add a bit of a markup to get more profit.
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Sometimes when the supply runs low and the demands get high there may be an even higher markup on a product.
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If your product gets really hot and everyone wants it you can add a bit of a markup to get more profit.
15 people found this helpful