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Simplifying 62.45 = p + 0.06p Combine like terms: p + 0.06p = 1.06p 62.45 = 1.06p Solving 62.45 = 1.06p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.06p' to each side of the equation. 62.45 + -1.06p = 1.06p + -1.06p Combine like terms: 1.06p + -1.06p = 0.00 62.45 + -1.06p = 0.00 Add '-62.45' to each side of the equation. 62.45 + -62.45 + -1.06p = 0.00 + -62.45 Combine like terms: 62.45 + -62.45 = 0.00 0.00 + -1.06p = 0.00 + -62.45 -1.06p = 0.00 + -62.45 Combine like terms: 0.00 + -62.45 = -62.45 -1.06p = -62.45 Divide each side by '-1.06'. p = 58.91509434 Simplifying p = 58.91509434
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