Solve for y
y = -\frac{14}{3} = -4\frac{2}{3} \approx -4.666666667
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55000+500y-2000y=62000
Subtract 2000y from both sides.
55000-1500y=62000
Combine 500y and -2000y to get -1500y.
-1500y=62000-55000
Subtract 55000 from both sides.
-1500y=7000
Subtract 55000 from 62000 to get 7000.
y=\frac{7000}{-1500}
Divide both sides by -1500.
y=-\frac{14}{3}
Reduce the fraction \frac{7000}{-1500} to lowest terms by extracting and canceling out 500.
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