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Simplifying 0.02(60) + 0.04 = 0.03(50 + p) Multiply 0.02 * 60 1.2 + 0.04 = 0.03(50 + p) Combine like terms: 1.2 + 0.04 = 1.24 1.24 = 0.03(50 + p) 1.24 = (50 * 0.03 + p * 0.03) 1.24 = (1.5 + 0.03p) Solving 1.24 = 1.5 + 0.03p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-0.03p' to each side of the equation. 1.24 + -0.03p = 1.5 + 0.03p + -0.03p Combine like terms: 0.03p + -0.03p = 0.00 1.24 + -0.03p = 1.5 + 0.00 1.24 + -0.03p = 1.5 Add '-1.24' to each side of the equation. 1.24 + -1.24 + -0.03p = 1.5 + -1.24 Combine like terms: 1.24 + -1.24 = 0.00 0.00 + -0.03p = 1.5 + -1.24 -0.03p = 1.5 + -1.24 Combine like terms: 1.5 + -1.24 = 0.26 -0.03p = 0.26 Divide each side by '-0.03'. p = -8.666666667 Simplifying p = -8.666666667
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