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..
For instance, if you ask someone what the selling price of an item that costs $100 would be if you set your profit margin at 50%, the odds are (too) good that they will reply $150. This is incorrect. And here is why.Profit Margin refers to the percentage of the selling price that is profit. So in the example above, an item that costs $100 and sells for $150 has a profit margin of 33.333% (rounded to the nearest hundredth of a percent).That is because 2/3 of the price is cost while only 1/3 is profit.o our Markup percentage is simply 1/(1 - margin), or in this case .667. And remember from the section on Markup that to determine a multiplier from markup we simply need to add 1. Cost percentage is 1 - profit margin. Cost multiplier is 1/(1 - profit margin).