Mountain Company produced 20,000 blankets in June to be sold during the holiday season. The manufacturing costs were:

Direct materials $125,000

Direct labor 55,000

Factory overhead 60,000

Management has decided that the mark-on percentage necessary to cover the product's share of selling and administrative expenses and to earn a satisfactory profit is 30%. The selling price per blanket should be:

A. $12.00.

B. $15.60.

C. $23.60.

D. $31.20.