The purchase price of an article is $48. In order to include 10% 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) 45 %

Rationale: "cost price of article = 48 $ % of overhead cost = 10 net profit = 12 $ we need to calculate % markup net profit as % of cost price = ( 12 / 48 ) * 100 = 25 % total markup should be = 25 + 10 = 35 % answer c"
Answer: C