The purchase price of an article is $48. In order to include 10% of cost for overhead and to provide $12 of net profit, the markup should be\nOptions:\n(A) 15%\n(B) 25%\n(C) 35%\n(D) 40%\n(E) 45% Think first, then make a decision. Some random thoughts:
User
Cost price of article = 48$\n% of overhead cost = 10\nNet profit = 12 $\nWe need to calculate % markup\nNet profit as % of cost price = (12/48)*100 = 25%\nTotal markup should be = 25 + 10 = 35% So the answer is (C).
Assistant