Blue Ridge Weavers Wants to Set Its Selling Price on an Item

Multiple Choice

Blue Ridge Weavers wants to set its selling price on an item so that the retail list price will be $50-taking into account the usual markups of 10 percent at wholesale and 30 percent at retail. At what price should Blue Ridge Weavers sell the item?

A) $32.50
B) $31.50
C) $35.00
D) $34.00
E) $38.00