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Simplifying p + 0.04p = 260 Combine like terms: p + 0.04p = 1.04p 1.04p = 260 Solving 1.04p = 260 Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Divide each side by '1.04'. p = 250 Simplifying p = 250
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