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?

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Question 156995: 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?
Answer by gonzo(654) About Me  (Show Source):
You can put this solution on YOUR website!
x + .35x = 670
1.35x = 670
x = 670/1.35
x = 496.30 (rounded to 2 decimal places).
statue cost him $496.30.