SOLUTION: A merchant purchased 10000 worth of computer equipment and sold it at a 70% markup . If his other expenses came to 4000 what was his profit

SOLUTION: A merchant purchased 10000 worth of computer equipment and sold it at a 70% markup . If his other expenses came to 4000 what was his profit

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Question 769408: A merchant purchased 10000 worth of computer equipment and sold it at a 70% markup . If his other expenses came to 4000 what was his profit
Answer by knighty2002uk(39) (Show Source): You can put this solution on YOUR website!
10000+70%=17000
Costs = 4000
17000-4000=13000
Initial outlay = 10000
13000-10000=3000 profit
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