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Drill Problem 8-11 (Algo) (LU 8-2 (1)] Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling

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Drill Problem 8-11 (Algo) (LU 8-2 (1)] Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent.) Cost Selling price 16.20 $ 56.00 Dollar markup Percent markup on selling price % $

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