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Meaning of “mark up something” in the English Dictionary

"mark up something" in American English

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mark up something

phrasal verb with mark  us   /mɑrk/ verb [T]
to ​increase the ​price of something, esp. because you are going to ​sell it again: According to one ​study, ​hospitals mark up ​costs an ​average of 232%.
(Definition of mark up something from the Cambridge Academic Content Dictionary © Cambridge University Press)
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