# SOLUTION: I am trying to solve for the unknown profit margin (PM) but I don't understand how to properly work the equation. Below, I have copied the equation as it is written in my text book

Algebra ->  Algebra  -> Finance -> SOLUTION: I am trying to solve for the unknown profit margin (PM) but I don't understand how to properly work the equation. Below, I have copied the equation as it is written in my text book      Log On

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 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Finance Question 353579: I am trying to solve for the unknown profit margin (PM) but I don't understand how to properly work the equation. Below, I have copied the equation as it is written in my text book: .10 = PM(1.5)(.6)/ [1 - PM(1.5)(.6) PM = .1/ .99 = 10.1% Please advise the steps. Thank you. DW Found 2 solutions by Fombitz, vleith:Answer by Fombitz(13828)   (Show Source): You can put this solution on YOUR website! . . . . . . . . . . . . Answer by vleith(2825)   (Show Source): You can put this solution on YOUR website! PM = 10.1%