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mark up

Meaning: If you mark something up, you sell it for a price that is higher than the price you paid for it.

For example:

  • mark up sth How much do retailers in Europe usually mark up their prices?

  • be marked up Prices in department stores are usually marked up about forty per cent.

Quick Quiz:

If you buy something for ten dollars and you mark up its sale price by fifty per cent, you'll sell it for
  1. five dollars
  2. ten dollars and fifty cents
  3. fifteen dollars

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