Homework help pls

Question

Home base sells a 40-pound bag of all-purpose fertilizer for $12. The acquisition cost of the fertilizer to Home base is $7.30 per bag. Calculate (a) dollar markup, (b) markup, (b) markup as a percentage a selling price, and (c) markup as a percentage of cost. Round to the nearest one-tenth of 1%? 

 

 

(a)?

(b)?

(c)?

 

 

 

 

 

Answer 1

I'm sorry, I've looked 3 places and they tell me

DOLLAR MARKUP and MARKUP is the same thing.

 

Markup is $12 - 7.30 = 4.70

 

Percent markup = $4.70 / 7.30  = 470/730 = 47/73 = 0.64383 = 64.4%

They raised the price 64.4%