Problema Solution
Jim is able to sell a statue for $670.00 for a 35% profit of his cost. What was the original price lf the statue?
Answer provided by our tutors
Let
x = original cost
Jim is able to sell a statue for $670.00 for a 35% profit of his cost means:
x + 0.35x = 670
by solving we find:
x = $496.30
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the original price of the statue was $496.30.