The formula p = nc - e gives the profit p when a number of items n are each sold at a cost c and expenses e are subtracted.
If p = 3750, n = 3000 and e = 900, what is the value of c?
3750 = 3000c - 900
Add 900 to both sides, then divide both sides by 3000.
To find the value of c in the equation p = nc - e when p, n, and e are known, we can rearrange the equation to solve for c.
The given equation is:
p = nc - e
We are given the following values:
p = 3750
n = 3000
e = 900
Substituting the given values into the equation, we have:
3750 = 3000c - 900
To find the value of c, we need to isolate it on one side of the equation. Let's rearrange the equation:
3750 + 900 = 3000c
4650 = 3000c
Next, divide both sides of the equation by 3000 to solve for c:
c = 4650 / 3000
Simplifying the division gives us:
c = 1.55
So, the value of c is 1.55.