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..
If markup on cost is 36%, what is the equivalent markup on retail?Answer: .361.36 = .26 What Should you Pay for Merchandise? You are considering vendors for private label shirts. You would like the retail price of the shirts to be $25.00. Your markup objective is 45% on retail.What is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125.The markup objective on retail is 48%.hat is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125. The markup objective on retail is 48%.