SOLUTION: Jim is able to sell a hand carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost him?

Question 1039355: Jim is able to sell a hand carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost him?

Found 2 solutions by jorel555, ikleyn:
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
100%+35%=135%=1.35
1.35x=670
x=670/1.35=$496.30 original cost!!!!
Answer by ikleyn(52834) (Show Source): You can put this solution on YOUR website!
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Jim is able to sell a hand carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost him?
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On percentage problems see the lesson Percentage problems and associated lessons in this site.

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