adjective. 1  Piled up or carried along by a current: driven snow. 2  Motivated by or having a compulsive quality or need: a driven person. 3  Caused, sustained, or stimulated: an export-driven economic recovery. 4  Powered, operated, or controlled: a piston-driven airplane; a menu-driven software program.
Markup as a Percentage of Cost or Selling Price. Markup can be expressed as a percentage of cost or of selling price. Consider an item that costs the seller $50 and retails for $100. This is a 100-percent markup over cost, but in terms of the selling price it is only a 50-percent markup. Retailers typically express markup as a percentage of selling price. According to Entrepreneur, the retail term for a 50-percent markup is keystone, sometimes abbreviated as key..
The example shown is a Mark-On. The markup in the example is a 50% markup, meaning that of the retail price 50% is markup and 50% is cost. The correct forumula to computer Retail selling price is. Cost / (1 â Markup) where markup is expressed as a decimal value.A 50 percent markup would be 0.50.To arrive at the selling price, take the cost and divide by (1-.50) or .50 which is to double the cost. A 35 percent markup on a 100 item is $100 / (1 â 0.35) = $100 / .65 = $153.85/.he average gross margin for Gift, Novelty and Souvenir Stores was 47.9% in 2009. So on a $100 item, on average the store paid $52.10 for the merchandise, and had $47.90 in gross margin to pay for everything else. Now we just have to convert that into a markup.