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   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
See: cost, price


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9780769526522 Rules and rule markup languages for the semantic web; proceedings.
In comparison, markup is the total cost of the product plus an additional percentage added to cover operating expenses in order to earn a profit.
The writer has heard owners expressing satisfaction at paying a couple of pennies per gallon above the rack price, not realizing that they were paying an extra markup over and above the markup already incorporated into the rack price.
 
 
 
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