Jim is able to sell a hand-carved statue for $750 which was a 35% profit over his cost. How much did the statue originally cost him?  Choose the correct option
A) $ 496.30 B) $ 512.40 C) $ 555.56 D) $ 574.90 E) $ 588.20

Rationale: "750 = 1.35 * x x = 750 / 1.35 = 555.5555556 . . . which rounds to $ 555.56 , which is ( c ) ."
Answer: C