Jim is able to sell a hand-carved statue for 670.00 which was 35% profit over his cost. How much did the statue originally cost him?
2006-06-06 15:58:25 · 4 answers · asked by Anonymous in Education & Reference ➔ Other - Education
This one has a fairly simple solution.
Jim's receiving 135% of his cost (cost plus 35%), therefore, you can simply divide the 670 that he's making by 1.35, giving an answer of 496.30.
To double check - a 35% profit on a 496.30 item is 496.30 x .35 or 173.70. Add the 173.70 profit to a 496.30 item and you've got your 670.00 final price.
2006-06-06 16:06:12 · answer #1 · answered by NotAnyoneYouKnow 7 · 1⤊ 0⤋
advertising fee, P, is $670 he makes a 35% earnings over the fee, because of the fact of this the advertising fee, P, is 35% greater beneficial than the fee, C: P = a million.35 x C so C = P / a million.35 = $496.30
2016-12-08 07:16:34 · answer #2 · answered by legendre 4 · 0⤊ 0⤋
496dollars times 1.35(135%)= 699.60
2006-06-06 16:23:52 · answer #3 · answered by v10stangeater 3 · 0⤊ 0⤋
$496.30
2006-06-06 16:14:38 · answer #4 · answered by ☼Jims Brain☼ 6 · 0⤊ 0⤋