http://www.kenniffonline.com/everything-from-profits/
How to find an original price of the gain and the percentage?
I tried everything I could think and I do not understand very well how to do this problem. Could someone explain step by step so that I can understand. Jim is able to sell hand-carved statue for $ 670 was a 35% profit on cost. How much of the statue originally cost him? I also know that the answer is $ 496.30 and not how to get there. thanks! Where is the 1.00 comes?
The cost is C. Your profit is (35 C sometimes.) So to sell is the cost plus profit, or C + 0.35 x C, which is (1.00 + 0.35) x = 1.35 C or C x 670. 670/1.35 = 496.30 Therefore C = To check: 670 = 173.70 496.30 + Additional Information: C = 1.0 x C = 1C 1.00 100% The Easy way to see the 1 – Sell> the price is the cost of the product times the% profit added to the original cost, or C + p * C = c (1 + p). If p is 100% profit and the cost is $ 5 then you have $ 5 + 1.00 * $ 5 = $ 5 (1 +1) = $ 10.
Everything (Jacob/Renesmee)