Jim is able to sell a hand-carved statue for $660 which was a 20% profit over his cost. How much did the statue originally cost him?
Choose the correct choice from the following choices
A) $ 496.30	B) $ 512.40	C) $ 550	D) $ 574.90	E) $ 588.20

Rationale: "cost price = 660 / 120 * 100 = 550 answer : c"
Answer: C