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English definition of “mark sth up”

mark sth up

verb uk phrasal verb with mark   /mɑːk/ us    /mɑːrk/
to increase the price of something: They buy paintings at auctions, mark them up, and then resell them at a vast profit to collectors. In the days of hyperinflation, we would rush to the market as soon as we were paid and buy our weekly groceries before they were marked up. Shares in retail businesses were marked up on the news that consumer spending rose last month.Value and price increases
(Definition of mark sth up from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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