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I’ve heard that it’s possible to get an interview and then be waitlisted contingent on getting test scores up
Also have heard higher test scores may help with scholarships, so it may be worth trying
Email the admissions office to see if Wharton would still accept it?
How many times have you taken the test? Any school will 'take' an update on your score if you have been invited to interview.
I'm not sure that Wharton would look at a new score in advance of sending out interview invites. I'm not sure which test you took but Wharton leans on the GMAT IR/DI score as the best predictor of 'success' in their program.
If you have already taken the test 3-4 times and haven't seen improvement then it might not be worth your time.
But if you have only taken the test once and are below the CBS average, they may be scratching their heads wondering why you didn't have the self-awareness to retake.