The purchase price of an article is $48. In order to include 30% of cost for overhead and to provide $12 of net profit, the markup should be	Choices:
A) 15 % B) 25 % C) 35 % D) 40 % E) 55 %

Rationale: "cost price of article = 48 $ % of overhead cost = 30 net profit = 12 $ we need to calculate % markup net profit as % of cost price = ( 12 / 48 ) * 100 = 25 % total markup should be = 25 + 30 = 55 % answer e"
Answer: E