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. $10.00
B. $5.00
C. $20.00
D. $15.00
E. $13.50
Answer: D
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