Jim is able to sell a hand-carved statue for $550 which was a 35% profit over his cost. How much did the statue originally cost him?	Pick
A) $407.41	B) $412.40	C) $455.40	D) $474.90	E) $488.20
550 = 1.35*X   X = 550/1.35 = 407.407407...   which rounds to $407.41, which is ($407.41).
<result>A</result>
Jim is able to sell a hand-carved statue for $550 which was a 35% profit over his cost. How much did the statue originally cost him?