Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $30 and a unit cost of $18. The retailer requires a 35% markup on selling price. The manufacturer has unit variable costs of $8. Calculate the retailer selling price. Round your answer to the nearest dollar.

Hello the correct answer is 46.

Can you please explain how 46 is the correct answer? Thank you