What does markup amount mean?

Question

Hii. I'm selling my work on a website and it says markup amount 20.0% and u can change it. I was wondering what markup amount means

Answer 1

you have to increase or mark up your selling price over what you paid for the item in order to make a profit

Answer 2

price is 20% over cost of goods or services

Answer 3

You can look at the markup amount as the actual money you put in your pocket.  Let's say it costs you $100 to make the website.  If you mark it up 20%, that means you're selling your work for $120.  The $20 mark up is your profit or additional money you put in your pocket.