It sounds like you're working on a basket. The instructions are asking you to knit until the basket reaches a length of 5 inches (12.5 centimeters). Once it's the right length, finish that row. Then, on the next row, you're instructed to knit 10 stitches, place a marker, and repeat this sequence (k10 and place a marker) until you reach the end of the row.
So you can go ahead and *k10, place a marker* then repeat what are in *-* until the end of the row.
These markers will likely help you keep track of the start of the round and keep each section of the basket separated, therefore make it easy to manage the pattern.
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