markup /ˈmɑː(ɹ)k.ʌp/ noun4 •The percentage or amount by which a seller hikes up their buy-in price when determining their selling price.You don’t make much money selling gas because the markup is so low. •An increase in price.There will be a markup on those products next week; better buy them now. •The notation that is used to indicate the meaning of the elements in an electronic document, or to dictate how text should be displayed.For example, a filename of “home.html” would be appropriate for an ASCII/text file containing HTML markup. — 1996 •(US) The process by which proposed legislation is debated and amended. formsmarkups