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? need some help on this, thanks

Question 126961: 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? need some help on this, thanks
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
x+.35x=670
1.35x=670
x=670/1.35
x=$496.30 is the original cost of the statue.