An Item Listed at 40% Above Cost Was Sold by a Dealer

Multiple Choice

An item listed at 40% above cost was sold by a dealer during a special sale at a 15% reduction from the list price. What did the item cost the dealer if it was sold for $23,765.00?

A) $23,494.81
B) $33,271.00
C) $19,970.59
D) $27,958.82
E) $43,965.25