Ensure the file named Furniture.java 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

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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  1. Ensure the file named Furniture.java is open.
  2. The file includes variable declarations and output statements. Read them carefully before you proceed to the next step.
  3. 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.
  4. 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

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