Markup
/ˈmɑːrkʌp/
Definitions
3 meaningsThe difference between the cost of a product or service and its selling price, or the process of increasing the price.
/ˈmɑːrkʌp/
The act of increasing the price of something.
The store's markup on electronics is quite high.
💡 Simply: Imagine you buy a toy for $5 and sell it for $8. The $3 difference is the markup. Businesses do this to make a profit.
👶 For kids: It's when you make something cost more money, like when a store sells a toy for more than what they paid for it.
More Examples
Companies use markup to cover their expenses and make a profit.
The markup percentage varied depending on the type of product.
How It's Used
"The retailer added a 30% markup to the wholesale price."
A system of annotation that defines how a text should be formatted or displayed. This often uses tags or codes.
/ˈmɑːrkʌp/
Formatting instructions within a document.
HTML uses markup to define the structure and content of a web page.
💡 Simply: It's like giving instructions to a computer to make text look a certain way. For example, telling the computer to make some words bold or put a picture in a specific spot.
👶 For kids: It's like giving instructions to your computer, telling it how to show your words, like making them big or colorful!
More Examples
The XML document requires specific markup tags for proper parsing.
Learning markup is essential for web development.
How It's Used
"HTML is a markup language used to structure web pages."
To increase the price of something, usually in relation to its cost.
/ˈmɑːrkʌp/
To increase the price of something.
The company decided to markup the price of their products due to increased manufacturing costs.
💡 Simply: To markup something means to raise the price of a product to make a profit. Like the store raising the price of a jacket.
👶 For kids: To make something cost more money!
More Examples
They usually markup the prices on imported items.
Due to the holiday season, some retailers choose to markup their products.
How It's Used
"The store decided to markup the price of the imported goods."
Idioms & expressions
Markup language
A language that uses tags to annotate text and specify its formatting.
"HTML and XML are examples of markup languages."
Profit margin
The percentage of revenue a company keeps after subtracting all costs.
"The company aims to improve its profit margin by increasing the markup on their products."
From the verb 'mark up,' likely originating in business contexts for price adjustments, and later adopted in computing for text formatting.
The term 'markup' first appeared in business contexts to describe pricing adjustments, later extending to include text formatting instructions with the rise of computing.
Memory tip
Think of marking 'up' the price tag.