A company makes a profit of $1.38 million. This is $2.54 million more than last year. Write and solve an equation to find the profit p (in millions of dollars) last year.
well, if this year they made 1.38 million and last year they made 2.54 million LESS then p=1.38 million-2.54 million p= -1.16 million dollars in LOSSES last year