mark up

Thân thiện

The shopkeeper will mark up the price of the fresh fruit.

Definition

1. Verb:
   • To increase the price of something, especially by adding a percentage to the cost price to determine the selling price: This is the primary commercial meaning, referring to the practice of setting a retail price higher than the cost to create profit.

Usage

• The verb "mark up" is typically used in business, retail, and finance contexts. It is often followed by a direct object (the item being priced) and can be used in passive constructions.
• It describes the action a seller (e.g., a retailer, wholesaler) takes to set a selling price.

Examples

• Verb:
  • The bookstore will mark up the new novels by 40% to cover their operating costs.
  • These imported goods are heavily marked up by the time they reach the consumer.
  • How much did you mark up the original cost to arrive at this price?

Advanced Usage

• "to be marked up": Describes the state of an item having an increased price.
  • The designer handbags are always significantly marked up.
• Used in noun form as "markup" (one word): The amount or percentage by which something is marked up.
  • The standard markup on electronics is quite low due to competition.

Variants and Related Words

• Markup (n): The amount added to the cost price to establish the selling price.
  • The company uses a 50% markup on all its products.
• Mark down (v): The opposite action; to reduce the price of something.

Synonyms

• Increase the price
• Add a surcharge
• Price up (less common)

Related Phrasal Verbs

• Mark down: To reduce the price of an item.
  • The store will mark down the winter clothing at the end of the season.

Related Idioms

• : Refers to the size of the price increase relative to cost.
  • Jewelry stores typically have a very high markup.

Học thuật

Verb

1. increase the price of