Meaning of the word markdown in English

What does markdown mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

markdown

US /ˈmɑːrk.daʊn/
UK /ˈmɑːrk.daʊn/

Noun

1.

a reduction in the price of something:

Example:
We're offering a ten percent markdown on selected items.
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