Crazy Eddie has a key chain factory. Eddie managed to decrease the cost of manufacturing his key chains while keeping the same selling price, and thus increased the profit from the sale of each key chain from 40% of the selling price to 50% of the selling price. If the manufacturing cost is now $50, what was it before the decrease? Choose the correct choice from the following options:	A) $ 20	B) $ 40	C) $ 50	D) $ 80	E) $ 60

Rationale: "deargoodyear 2013 , i ' m happy to help . this is a relatively straightforward problem , not very challenging . btw , crazy eddiewas the actually name of an electronics chain on the east coast of the usa back in the 1970 s . manufacturing now is $ 50 . they now are making a 50 % profit , so the selling price must be $ 100 . they had this same selling price , $ 100 , before they made the change , and had a profit of 40 % , so the manufacturing must have been $ 60 . answer = ( e ) ."
Answer: E