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
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 % answer a
add(multiply(divide(12, 48), const_100), 25)