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40p+10.5p=489.85
Multiply 7 and 1.5 to get 10.5.
50.5p=489.85
Combine 40p and 10.5p to get 50.5p.
p=\frac{489.85}{50.5}
Divide both sides by 50.5.
p=\frac{48985}{5050}
Expand \frac{489.85}{50.5} by multiplying both numerator and the denominator by 100.
p=\frac{97}{10}
Reduce the fraction \frac{48985}{5050} to lowest terms by extracting and canceling out 505.