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29 July, 18:01

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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  1. 29 July, 19:33
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    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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