the purchase price of an article is $ 48 . in order to include 20 % of cost for overhead and to provide $ 12 of net profit , the markup should be
"cost price of article = 48 $ % of overhead cost = 20 net profit = 12 $ we need to calculate % markup net profit as % of cost price = ( 12 / 48 ) * 100 = 25 % total markup should be = 25 + 20 = 45 % answer e"
add(multiply(divide(12, 48), const_100), 20)