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

Question

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The Answer of 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

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