From the sale of sleeping bags, a retailer made a gross profit of 14% of the wholesale cost. If each sleeping bag was sold for $28, what was the wholesale cost per bag?	Choose the correct choice.
A) 3.0  B) 3.36  C) 24.56  D) 25.0  E) 31.36
Cost price * 1.14 = Selling price --&gt; Cost price * 1.14 = $28 --&gt; Cost price = $24.56.   Answer: 24.56.
<result>C</result>
From the sale of sleeping bags, a retailer made a gross profit of 14% of the wholesale cost. If each sleeping bag was sold for $28, what was the wholesale cost per bag?