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0.16y+0.02(y+8000)=700
We move all terms to the left:
0.16y+0.02(y+8000)-(700)=0
We multiply parentheses
0.16y+0.02y+160-700=0
We add all the numbers together, and all the variables
0.18y-540=0
We move all terms containing y to the left, all other terms to the right
0.18y=540
y=540/0.18
y=3000
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