Travel glossary
Markup
Markup is the amount added to a product's cost to set its selling price, usually expressed as a percentage of cost.
A 20% markup on a ₹50,000 cost gives a ₹60,000 selling price. Markup is not the same as margin: that same sale is a 16.7% margin.
Related terms
Related terms
MarginMargin is profit expressed as a percentage of the selling price.…Net rateA net rate is the price a supplier charges a travel agent or tour oper…Profit per bookingProfit per booking is what a travel business earns on a single booking…Travel quotationA travel quotation is a priced proposal for a trip, setting out the se…
FAQ
Common questions
What is Markup?
Markup is the amount added to a product's cost to set its selling price, usually expressed as a percentage of cost.
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