You are given a math word problem and you are supposed to make use of mathematical concepts like probability, combinatorics, linear equations, sequences/series, or simple operators like addition, subtraction, division, or multiplication to answer the given question. Choose the best option from the 5 given options and report that option.
Q: Question: 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?

Option A: $407.41

Option B: $412.40

Option C: $455.40

Option D: $474.90

Option E: $488.20
A:
Option A