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Hand Carved
Jim is able to sell a hand-carved statue for $670 which was a 35% profit over his cost. How much did the stat?
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?
please show step by step.
thanks!
For this, we’ll call the original cost of the statue “x”.
Since the selling price of the statue is 35% more than the original cost, you’ll have an equation that looks like this:
x * 1.35 = $670
Then divide each side by 1.35 to isolate the “x”.
x = $670 / 1.35
x = $496.30
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