Question 188447: "A merchant purchased $10,000 worth of computer equipment and sold it at a 70% markup. If his other expenses came to $4,000, what was his profit?"
I'm not sure how to solve this so please show your work so I can understand.
Thank you :)
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! "A merchant purchased $10,000 worth of computer equipment and sold it at a 70% markup. If his other expenses came to $4,000, what was his profit?"
I'm not sure how to solve this so please show your work so I can understand
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Let profit = "x".
Equation:
0.70*10000 - 4000 = x
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7000 - 4000 = x
x = $3000.00 (the profit)
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Cheers,
Stan H.
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