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English definition of “mark sth down”

mark sth down

(REDUCE) phrasal verb with mark     /mɑːk/ US  /mɑːrk/ verb
to reduce the price of something, usually in order to encourage people to buy it: Low consumer demand has forced us to mark down a wide range of goods, sometimes by as much as 30 percent. Shares in the electricity companies were marked down following the announcement of the new energy tax.Value and price decreases
(Definition of mark sth down (REDUCE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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