Solve for :
Combine the three -rates that appear on both sides.
so the repeated block is
and the equation reads , where .
Move the term to the left.
Equivalently, expand it in place: , which is the form most textbooks use.
Write both sides out and collect. With the expansion,
since and .
Separate the unknown from the constants.
The net rate is the margin per unit after the share.
Divide, and carry enough digits.
Substituting the exact fraction back makes both sides equal . Note the answer is , not — truncating the division too early costs the fourth decimal place.
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