markupthe amount added to the cost price to determine the selling priceRetailers typically apply a markup of between 50 and 100 percent on wholesale goods.NoteRetailers typically apply a markup of between 50 and 100 percent on wholesale goods.Elon.io is an online learning platformWe have an entire course teaching IELTS Vocabulary — Band 7+ grammar and vocabulary.Start learning IELTS Vocabulary — Band 7+ now