Multiply the pre-markup price by 1.3
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$35.71
The formula is: 1.3y = 213.90 Where y = wholesale price. Solving for y: y = 213.90 / 1.3 y = $164.54
A markup calculator helps you determine the selling price of a product but you have to know the original cost as well as the percent markup. You can get them online for no expense. I've linked one for you. http://www.pine-grove.com
Cost = 2.00 Markup = 3.00-2.00 = 1.00 Markup as percentage of cost = 1.00/2.00 * 100 = 50 %
The new price is 27.14