



 
Hi Debra, How does Jim calculate the selling price? Suppose the statue originally cost him $500. He adds 35% of is cost to arrive at the selling price, that is
which is
This is not your question however. What you have is the percentage profit (35%) and the selling price (in my case $675) and you want to know his cost. Look at equation (1) again. With my numbers it becomes
Let his cost be $C then this is
Now try it with your numbers,  


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