The purchase price of an article is $48. In order to include 5% of cost for overhead and to provide $12 of net profit, the markup should be	Choose one.
A) 15%  B) 25%  C) 30%  D) 40%  E) 45%
30%ost price of article = 48$   % of overhead cost = 5   Net profit = 12 $   We need to calculate % markup   Net profit as % of cost price = (12/48)*100= 
<gadget id="calculator">(12/48)*100</gadget>
<output>25</output>
25%   Total markup should be= 25 + 5= 
<gadget id="calculator">25 + 5</gadget>
<output>30</output>
30%   Answer 30%
<result>C</result>
The purchase price of an article is $48. In order to include 5% of cost for overhead and to provide $12 of net profit, the markup should be