To make a profit, the prices of the items sold in a furniture store are marked up pieces each item is put on a sale at a discount of 10% Design an algorithm to find the selling price of an item sold at the furniture store. What information do you need find the selling price

Question

To make a profit, the prices of the items sold in a furniture store are marked up pieces each item is put on a sale at a discount of 10% Design an algorithm to find the selling price of an item sold at the furniture store. What information do you need find the selling price

Answer 1

To find the selling price of an item sold at the furniture store, we need the following information:

1. Cost price of the item: The original price at which the store purchased the item.
2. Markup percentage: The percentage by which the cost price is increased to make a profit.
3. Discount percentage: The percentage by which the selling price is reduced when the item is put on sale.

Now, let's design an algorithm to find the selling price of an item sold at the furniture store:

1. Start
2. Read the cost price of the item (CP)
3. Read the markup percentage (MP)
4. Calculate the markup amount (MA) = CP * (MP / 100)
5. Calculate the selling price before discount (SP_BD) = CP + MA
6. Read the discount percentage (DP)
7. Calculate the discount amount (DA) = SP_BD * (DP / 100)
8. Calculate the selling price after discount (SP_AD) = SP_BD - DA
9. Display the selling price after discount (SP_AD)
10. Stop

This algorithm will help you calculate the selling price of an item sold at the furniture store using the given cost price, markup percentage, and discount percentage.

Answer 2

To find the selling price of an item sold at the furniture store, you would need the following information:

1. Cost price of the item: This is the price at which the furniture store purchased the item from the wholesale supplier or manufacturer.

With this information, you can design an algorithm to calculate the selling price of an item in the furniture store:

1. Input the cost price of the item.
2. Calculate the markup price by multiplying the cost price by the markup percentage. For example, if the markup percentage is 40%, the markup price would be (cost price * 0.40).
3. Calculate the selling price by adding the cost price and the markup price. Selling price = cost price + markup price.
4. Calculate the discount amount by multiplying the selling price by the discount percentage. For example, if the discount percentage is 10%, the discount amount would be (selling price * 0.10).
5. Calculate the final selling price by subtracting the discount amount from the selling price. Final selling price = selling price - discount amount.

By following these steps, you can calculate the selling price of an item sold at the furniture store.

Answer 3

P = Po - 0.1Po

P = selling price.
Po = initial price.