Question

Linda is starting a new cosmetic and clothing business and would like to make a net profit of approximately 10% after paying all the expenses, which include merchandise cost, store rent, employees’ salary, and electricity cost for the store. She would like to know how much the merchandise should be marked up so that after paying all the expenses at the end of the year she gets approximately 10% net profit on the mer- chandise cost. Note that after marking up the price of an item she would like to put the item on 15% sale. Write a program that prompts Linda to enter the total cost of the merchandise, the salary of the employees (including her own salary), the yearly rent, and the estimated electric- ity cost. The program then outputs how much the merchandise should be marked up so that Linda gets the desired profit.

Answer 1

Program Plan:

• Declare the variables.

• Prompt the user to enter the cost of the merchandise.

• Prompt the user to enter the salary of the employees.

• Prompt the user to enter the yearly rent.

• Prompt the user to enter the electricity cost.

• Compute the total expenses.

• Compute the markup price.

• Compute the markup percentage.

• Display the percentage on the screen.

Step-by-step explanation:

See attached images for the program and sample output