SOLUTION: question: (100P-4000)/100P =0.3 solve for P please show all working thanks

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Question 91308This question is from textbook Investments
: question:
(100P-4000)/100P =0.3
solve for P
please show all working
thanks This question is from textbook Investments

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
(100P-4000)/100P=0.3 NOW CROSS MULTIPLY
100P*0.3=100P-4000
30P=100P-4000
30P-100P=-4000
-70P=-4000
P=-4000/-70
P=57.14 ANSWER.