Question

. 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?

A. $496.30
B. $512.40
C. $555.40
D. $574.90
E. $588.20

Answer 1

steps are appreciated

Answer 2

Let x be the original amount.
To that you add 35% of x --> 0.35x
The new amount is $670

Write an equation:
x + (0.35)x = 670
(1 + 0.35)x = 670
1.35x = 670
x = 670/1.35
x ≈ 496.30

Answer:
A. $496.30

Answer 3

how did you get 1 for x?

Answer 4

hey how did the person get 1 for x?

Answer 5

1).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?
Let original cost be "x"
Then x+0.35x=670
1.35x=670
x= $496.30