Business GCSE

Mark-up

What Mark-up means in Business GCSE, as defined for AQA.

Definition of Mark-up

Check what you remember

Read the wording for your board, then hide it and explain Mark-up in your own words. Rough notes are fine. This is a self-check, with no mark or grade.

Reference: AQA

A fixed percentage or cash amount added to unit cost as profit to set the selling price.

AQA · The elements of the marketing mix: price, product, promotion and place (4Ps) (study guide)

Topics that use Mark-up

The elements of the marketing mix: price, product, promotion and place (4Ps) (AQA GCSE)

Related terms

Using Mark-up in the exam

Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.

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All Business GCSE terms