http://en.wikipedia.org/wiki/FertilizerMacronutrient fertilizers
Synthesized materials are also called artificial, and may be described as straight, where the product predominantly contains the three primary ingredients of nitrogen (N), phosphorus (P), and potassium (K), which are known as N-P-K fertilizers or compound fertilizers when elements are mixed intentionally. They are named or labeled according to the content of these three elements, which are macronutrients. The mass fraction (percent) nitrogen is reported directly. However, phosphorus is reported as phosphorus pentoxide (P2O5), the anhydride of phosphoric acid, and potassium is reported as potash or potassium oxide (K2O), which is the anhydride of potassium hydroxide. Fertilizer composition is expressed in this fashion for historical reasons in the way it was analyzed (conversion to ash for P and K); this practice dates back to Justus von Liebig (see more below). Consequently, an 18-51-20 fertilizer would have 18% nitrogen as N, 51% phosphorus as P2O5, and 20% potassium as K2O, The other 11% is known as ballast and may or may not be valuable to the plants, depending on what is used as ballast. Although analyses are no longer carried out by ashing first, the naming convention remains. If nitrogen is the main element, they are often described as nitrogen fertilizers.
In general, the mass fraction (percentage) of elemental phosphorus, [P] = 0.436 x [P2O5]
and the mass fraction (percentage) of elemental potassium, [K] = 0.83 x [K2O]
(These conversion factors are mandatory under the UK fertilizer-labelling regulations if elemental values are declared in addition to the N-P-K declaration.[5])
An 18−51−20 fertilizer therefore contains, by weight, 18% elemental nitrogen (N), 22% elemental phosphorus (P) and 16% elemental potassium (K).