To find an amount of income you use the formula: P=I-E. Where P represents the amount of profit, I represents the income earned, and E represents expenses paid by the company. 1. Solve the formula for I 2. Of a company’s expenses for for a month are 35,000 and they earn a profit of $101,550 what was the company’s total amount of income.
3 why was it helpful to solve I first when solving problem 2?