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 Calculate Markup. If we know the cost price and percentage markup, then the sales price will be the amount of markup sum the original cost. For example, if the markup is 50% and the original cost is 6.00 dollars, then sales price becomes dollar 6.00 + dollar 6.00 x $\frac{50}{100}$ = 9.00 dollars.uestion 3: If a shopkeeper is using the markup as 50% on an item, then find the selling price of that item if the cost is given as 100 dollars. Solution: Markup = 50% of the cost price. Markup = 50% of 100. = 50. selling price = cost + markup. = 100+50. = 150. So the selling price of the item is 150 dollars.