Media companies sell their magazine through a distributor, which take a commission of 3% of the price set by the media company. The distributor obtains the magazines through each company at the price of $12 per subscription. What is the price that the buyer observers if the distributor wants to maintain a 3% profit on the cost of a subscription?	Choose the correct option:
A) 11.13
B) 11.72
C) 11.74
D) 12.72
E) 12.74
Magazine price = $12;
The distributor wants to maintain a 3% profit on the cost of each magazine subscription, thus he must get $ 12*1.03= 
<gadget id="calculator"> 12*1.03</gadget>
<output>12.36</output>
$12.36 after the distributor takes a commission of 3% of the final price --&gt; (final price)*0.97= $12.36 --&gt; (final price) = $12.74
Answer: 12.74.
<result>E</result>
Media companies sell their magazine through a distributor, which take a commission of 3% of the price set by the media company. The distributor obtains the magazines through each company at the price of $12 per subscription. What is the price that the buyer observers if the distributor wants to maintain a 3% profit on the cost of a subscription?