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> From: Henderson, Bonny <[log in to unmask]>
> To: [log in to unmask]
> Subject: Re: Retail Markup (was Re: Glasgow Museums UK -Reply)
> Date: Tuesday, August 12, 1997 6:29 PM
>
> This is what the Museum Store Association says:
>
> Mark-on:  Differences between cost price as billed (before cash
> discounts) and retail price at which goods are sold (sometimes
> incorrectly referred to as mark-up).
>
> Mark-up:  Upward revision of initial mark-on resulting in
> higher-than-original selling price.  Sometime incorrectly confused with
> mark-on.
>
> My thanks to the MSA.
>

I believe the goal or standard is to mark-on, or mark-up, in such a way
that an item acquired by a store for $5 will be sold for at least $10.  I
wonder if mark-on is a standard term in general retail usage.  It's a new
one to me.