Having a visible or identifying mark.
Clearly evident; noticeable; conspicuous.
The eighth century BC saw a marked increase in the general wealth of Cyprus.
Distinguished by a positive feature.
"Young" is the marked element of the old/young pair, since the usual way of asking someone's age is "How old are you?".
simple past and past participle of mark
From mark (“sign, characteristic, visible impression”) + -ed. Less common disyllabic pronunciation (/ˈmɑː.kɪd/) is likely an analogy derived from markedness (explaining its restriction to sense 2).
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