Solve the Formula for the Specified Variable $P = 2 L + 2 W \quad$

question 14

Multiple Choice

Solve the formula for the specified variable.
- $P = 2 L + 2 W \quad$ for $L$

• A) \(L = \frac { P - 2 W } { 2 }\)
• B) \(L = P - W\)
• C) \(L = \frac { P - W } { 2 }\)
• D) \(\mathrm { L } = \mathrm { P } - 2 \mathrm {~W}\)

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Variable Costs

Expenses that vary in relation to the amount of product or service produced by a company.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Break-even Point

The point at which total costs and total revenue are equal, meaning there is no net loss or gain.