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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? The sales price of a car is $12,590, whic

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akiran007

Answer:

The cost price of the statue is $ 496

Explanation:

Sale Price  of statue = $ 670

Suppose the cost price is $ 100 then according to the given condition the sales price would be $ 135

Sale Price =  Cost Price + Profit

135=     100 +35

Applying ratios

Sale Price                  Cost Price

$670                                 x

135                                  100

Using cross product rule

x=  $670 * 100/135

x=  $ 496.29

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