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8. 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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let original cost price = x profit = 35% of x = 0.35x selling price = cost price + profit = x + 0.35x = 1.35x ATQ, 1.35x = 670 ==> x = 670/1.35 so x = 496.30
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