Question

In this lab, you complete a partially written java program that is provided for you. the program, which was written for a furniture company, prints the name of the furniture item, its retail price, its wholesale price, the profit made on the piece of furniture, a sale price, and the profit made when the sale price is used. instructions ensure the file named is open. the file includes variable declarations and output statements. read them carefully before you proceed to the next step. design the logic and write the java code that will use assignment statements to: calculate the profit (profit) as the retail price minus the wholesale price calculate the sale price (saleprice) as 25 percent deducted from the retail price calculate the sale profit (saleprofit) as the sale price minus the wholesale price. execute the program by clicking run. your output should be as follows: item name: tv stand retail price: $325 wholesale price: $200 profit: $125 sale price: $243.75 sale profit: $43.75

Answer 1

A student is tasked with completing a Java program for a furniture company that calculates profit, sale price, and sale profit based on retail and wholesale prices, using specific assignment statements.

Step-by-step explanation:

The student was tasked with completing a Java program for a furniture company that calculates several financial figures based on the retail and wholesale prices of an item.

The assignment statements needed for this program include calculations for the profit, sale price, and sale profit. To calculate the profit, one subtracts the wholesale price from the retail price.

The sale price is found by reducing the retail price by 25 percent. Finally, the sale profit is the difference between the sale price and the wholesale price.

The intended output after running the program should show the furniture item's name, retail price, wholesale price, profit, sale price, and sale profit with specific numerical values provided.

A student is tasked with completing a Java program for a furniture company that calculates profit, sale price, and sale profit based on retail and wholesale prices, using specific assignment statements.