Question

A company makes a profit of $1.38 million. This is $2.54 million more than last year. Write and solve an equation to find the profit p (in millions of dollars) last year.

Equation: p + $2.54 million = $1.38 million

Answer 1

To find the profit p last year, subtract $2.54 million from $1.38 million.

Step-by-step explanation:

To find the profit p last year, we can use the equation:

p + $2.54 million = $1.38 million

To solve this equation, we need to isolate the variable p. We can start by subtracting $2.54 million from both sides of the equation:

p = $1.38 million - $2.54 million

p = -$1.16 million

Therefore, the profit last year was -$1.16 million.