High Meadow Mfg

question 265

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

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Definitions:

Psoriasis

A chronic autoimmune skin condition resulting in red, scaly patches that may be itchy or painful.

Connective Tissues

A type of body tissue that supports, connects or separates different types of tissues and organs in the body.

Cellulitis

Inflammation of cellular or connective tissue.

Inflammation

A biological response of body tissues to harmful stimuli, characterized by swelling, redness, heat, and often pain.