Which Statement Is Correct to Find the Markup Amount When

Multiple Choice

Which statement is correct to find the markup amount when the cost and selling price are known?

A) The markup amount is the sum of the selling price and the cost.
B) The markup amount is the difference between the selling price and the cost.
C) The markup amount is the markup rate times the cost.
D) The markup amount is the difference between the markup rate and 100%.