50fg if you can answer this finance question

Mi Casa imports pottery from Mexico. Their operation expenses are 260% of the cost of buying
and the profit is 110% of the cost of buying. They sell a vase for $14.10. What is their cost for each price

probably S = C + E + P equation maybe?

Profit = Sale - OperationalExpenses - Purchase Price (x is going to be purchase price)
Profit = 1.1x = 14.10 - 2.6x - x
1.1x = 14.10 - 3.6x
4.7x = 14.10
x = purchase price = $3.00
and profit would be $3.30
operational expenses being $7.80

This post was edited by Dontrunaway on Sep 26 2013 05:42pm