Question

sure the provided file named Furniture.cpp 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 C++ 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

Answer 1

This question is incomplete. The complete question is given below:

In this lab, you complete a partially written C++ 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 provided file named Furniture.cpp 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 C++ 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 the Run button. 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

Code

// This program calculates profits and sales prices for a furniture company.

#include <iostream>

#include <string>

using namespace std;

int main()

{

string itemName = "TV Stand";

double retailPrice = 325.00;

double wholesalePrice = 200.00;

double salePrice;

double profit;

double saleProfit;

     

// Write your assignment statements here

     

cout << "Item Name: " << itemName << endl;

cout << "Retail Price: $" << retailPrice << endl;

cout << "Wholesale Price: $" << wholesalePrice << endl;

cout << "Profit: $" << profit << endl;  

cout << "Sale Price: $" << salePrice << endl;

cout << "Sale Profit: $" << saleProfit << endl;

return 0;

Answer:

#include <iostream>

#include <string>

#include <iomanip>

using namespace std;

int main()

{

  string itemName = "TV Stand";

  double retailPrice = 325.00;

  double wholesalePrice = 200.00;

  double salePrice;

  double profit;

  double saleProfit;

  profit=retailPrice-wholesalePrice;

  salePrice=retailPrice-retailPrice*.25;

  saleProfit=salePrice-wholesalePrice;

  cout<<fixed<<setprecision(2);

  cout << "Item Name: " << itemName << endl;

  cout << "Retail Price: $" << retailPrice << endl;

  cout << "Wholesale Price: $" << wholesalePrice << endl;

  cout << "Profit: $" << profit << endl;

  cout << "Sale Price: $" << salePrice << endl;

  cout << "Sale Profit: $" << saleProfit << endl;

  return 0;

}

Explanation:

• Calculate profit on retailPrice by subtracting wholesalePrice from the retailPrice.
• set salePrice as 25% by multiplying it with 0.25.
• Calculate the profit on sale price by subtracting wholesalePrice from the salePrice.  
• Finally print the values of item name, retail price, wholesale price, profit, sale price and sale profit respectively.