can't get the answer

Question

 The crimped oats sold by a horse-feed store has ten cents per pound mark-up, which is 50 percent of the cost. What is the retail price of the oats?

Answer 1

30 cents.

 

The 10 cents markup is added to the cost to get retail price. Since we know that 10 cents is 50% of the cost we know that the cost is 20 cents.

 

cost + markup = retail price

20 + 10 = 30

Answer 2

$0.10 is 50% (that's half) of the cost.

So the cost is $0.20.

 

So what is the price?