mark|up «MAHRK UHP», noun.
1. an increase in the price of an article: »
The concern is getting a slightly higher gross markup on shoes this year (Wall Street Journal).
2. the amount of this increase.
3. the percentage or amount added to the cost of an article to determine the selling price. The markup takes care of profit and overhead. »
Many large firms are able to work on narrow markups because of enormous turnover.
4. U.S. the act or process of putting a legislative bill in final form.
Useful english dictionary. 2012.