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

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Question 191242: Jim is able to sell a hand carved statue for $670 which is a 35% profit over his cost. How much did the statue originally cost him?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Let x represent what he paid for the item. Then 0.35x is the profit amount. The $670 price tag is the sum of what he paid plus the profit, so:



Solve for x to get your answer.

John