From the sale of sleeping bags, a retailer made a gross profit of 17% of the wholesale cost. If each sleeping bag was sold for $28, what was the wholesale cost per bag?	Choose the correct option:  A) 3.0  B) 3.36  C) 23.93  D) 25.0  E) 31.36
Cost price * 1.17 = Selling price --&gt; Cost price * 1.17= $28 --&gt; Cost price = $23.93.   Answer: 23.93.
<result>C</result>
From the sale of sleeping bags, a retailer made a gross profit of 17% of the wholesale cost. If each sleeping bag was sold for $28, what was the wholesale cost per bag?