High Meadow Mfg

Multiple Choice

High Meadow Mfg. Co. sold its product through wholesalers and retailers-allowing the wholesalers a markup of 25 percent and retailers a markup of 40 percent. If the retail selling price is $100 and the manufacturer's cost is $30, what markup in dollars did High Meadow receive on the sale of this product?

A) $5.00
B) $13.50
C) $15.00
D) $10.00
E) $20.00