Question

If you have a price equation where P = 13584 + 140 + 6% of P, what is the value of P?

Answer 1

P = 14,600

Explanation:

P = 13584+140+6%P

6% of P = 0.06P

P = 13584 + 140 + 0.06P

1P - 0.06P = 13584 + 140 (1-0.06=0.94)

0.94P = 13724

P = 13724/0.94

P = 14,600

Answer 2

Answer:

P= 14574.47

Explanation:

P = 13584 + 140 + 0.06P

First, add 0.06P to both sides to combine the P terms on one side of the equation:

P - 0.06P = 13584 + 140

Now, you have:

0.94P = 13724

Finally, divide both sides by 0.94 to solve for P:

P = 13724 / 0.94 ≈ 14574.47