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Simplifying p + 0.05p = 89250 Combine like terms: p + 0.05p = 1.05p 1.05p = 89250 Solving 1.05p = 89250 Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Divide each side by '1.05'. p = 85000 Simplifying p = 85000
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