Jim is able to sell a hand-carved statue for $540 which was a 35% profit over his cost. How much did the statue originally cost him?	Choose one
A) $400.00
B) $412.40
C) $455.40
D) $474.90
E) $488.20
540 = 1.35*X   X = 540/1.35= 
<gadget id="calculator">540/1.35</gadget>
<output>400</output>
400   $400, which is ($400.00).
<result>A</result>
Jim is able to sell a hand-carved statue for $540 which was a 35% profit over his cost. How much did the statue originally cost him?