Mark-up definitionQuestion What is the definition of mark-up?
Answer Mark-up is a percentage used to multiplied by the cost of an item to be sold, in order to arrive at a selling price.
For example, an item that costs $5, with a mark-up of 35%, will sell for $6.75. Search again for Gross profit, gross margin, and the differences between margin and mark-up and which to use. 
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