Given the stream of consciousness rationale, provide a reasonable question and answer. Rationale: 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 = 25%
Total markup should be = 25 + 25 = 50%
 The question and answer:
user
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
Options:
(A) 50%
(B) 25%
(C) 35%
(D) 40%
(E) 45%
The answer is (A)
assistant