The purchase price of an article is $48. In order to include 15% of cost for overhead and to provide $12 of net profit, the markup should be Choose the most appropriate option.
A) 15 %
B) 25 %
C) 35 %
D) 40 %
E) 45 %

Rationale: "cost price of article = 48 $ % of overhead cost = 15 net profit = 12 $ we need to calculate % markup net profit as % of cost price = ( 12 / 48 ) * 100 = 25 % total markup should be = 25 + 15 = 40 % answer d"
Answer: D