The purchase price of an article is $48. In order to include 25% of cost for overhead and to provide $12 of net profit, the markup should be\nOptions:\n(A) 50%\n(B) 25%\n(C) 35%\n(D) 40%\n(E) 45% Hmmm, my stream of consciousness:
User
Cost price of article = 48$\n% of overhead cost = 25\nNet profit = 12 $\nWe need to calculate % markup\nNet profit as % of cost price = (12/48)*100 = 25%\nTotal markup should be = 25 + 25 = 50% So, the answer is (A).
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