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..
How to translate a gross margin percentage into a markup percentage: 1  Convert the gross margin percent into a decimal: 47.9% = .479. 2  Find the gross cost: 1 â .479 = .521. 3  Invert it: 1 / .521 = 1.919. 4  Subtract one: 1.919 â 1 = 0.919. 5  Convert back into a percentage: 0.919 = 91.9%. 6  Thatâs the markup: 91.9%.