Also means
to surcharge
Usage Note
Maggiorare means to raise an amount or price, often by adding a surcharge or percentage — closer to 'to mark up' than general aumentare ('to increase'). It is transitive and takes avere in compound tenses. The related noun is maggiorazione (surcharge, increase).
Examples
"Hanno maggiorato il prezzo del biglietto del 10%."
Natural Translation
They increased the ticket price by 10%.
Literal Translation
They-have surcharged the price of-the ticket by 10%.

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