The purchase price of an article is $48. In order to include 25% of cost for overhead and to provide $12 of net profit, the markup should be	Choices:	A) 50%	B) 25%	C) 35%	D) 40%	E) 45%
Cost price of article = 48$   % of overhead cost = 25   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 + 25= 
<gadget id="calculator">25 + 25</gadget>
<output>50</output>
50%   50%nswer 50%
<result>A</result>
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