(Financial application: find the profit-per-item) You have just started a new stationary shop. Your profit-per-item depends on the total quantity of item sold. The scheme shown below is used to determine the total profit: Quantity Profit-per-item 0-1000 $1 1001-5000 $2 5001 and above $5 Note that this is a graduated profit. The profit for selling up to 1000 items is $1, for next 4000 items is $2 and beyond that is $5. If the total quantity of item sold is 10000, the profit is 1000 * $1 + 4000 * $2 + 5000 * $5 = $34000. Your goal is to make $50,000 a year. Write a program that uses a do-while loop to find out the minimum quantity of item you have to sell in order to make $50,000.
(Financial application: find the profit-per-item) You have just started a new stationary shop. Your profit-per-item depends on the total quantity of item sold. The scheme shown below is used to determine the total profit: Quantity Profit-per-item 0-1000 $1 1001-5000 $2 5001 and above $5 Note that this is a graduated profit. The profit for selling up to 1000 items is $1, for next 4000 items is $2 and beyond that is $5. If the total quantity of item sold is 10000, the profit is 1000 * $1 + 4000 * $2 + 5000 * $5 = $34000. Your goal is to make $50,000 a year. Write a program that uses a do-while loop to find out the minimum quantity of item you have to sell in order to make $50,000.
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
Related questions
Question
![(Financial application: find the profit-per-item) You have just started a new
stationary shop. Your profit-per-item depends on the total quantity of item sold.
The scheme shown below is used to determine the total profit:
Quantity
Profit-per-item
0-1000
$1
1001-5000
$2
5001 and above
$5
Note that this is a graduated profit. The profit for selling up to 1000 items is $1,
for next 4000 items is $2 and beyond that is $5. If the total quantity of item sold
is 10000, the profit is 1000 * $1 + 4000 * $2 + 5000 * $5 = $34000.
Your goal is to make $50,000 a year. Write a program that uses a do-while
loop to find out the minimum quantity of item you have to sell in order to make
$50,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2cb3acdf-6402-434a-93ac-7779ab45ecdf%2Fa8d0cb41-688e-40ad-8ba0-94df8c97184b%2F32m1ybq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(Financial application: find the profit-per-item) You have just started a new
stationary shop. Your profit-per-item depends on the total quantity of item sold.
The scheme shown below is used to determine the total profit:
Quantity
Profit-per-item
0-1000
$1
1001-5000
$2
5001 and above
$5
Note that this is a graduated profit. The profit for selling up to 1000 items is $1,
for next 4000 items is $2 and beyond that is $5. If the total quantity of item sold
is 10000, the profit is 1000 * $1 + 4000 * $2 + 5000 * $5 = $34000.
Your goal is to make $50,000 a year. Write a program that uses a do-while
loop to find out the minimum quantity of item you have to sell in order to make
$50,000.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Database System Concepts](https://www.bartleby.com/isbn_cover_images/9780078022159/9780078022159_smallCoverImage.jpg)
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
![Starting Out with Python (4th Edition)](https://www.bartleby.com/isbn_cover_images/9780134444321/9780134444321_smallCoverImage.gif)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
![Digital Fundamentals (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780132737968/9780132737968_smallCoverImage.gif)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
![Database System Concepts](https://www.bartleby.com/isbn_cover_images/9780078022159/9780078022159_smallCoverImage.jpg)
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
![Starting Out with Python (4th Edition)](https://www.bartleby.com/isbn_cover_images/9780134444321/9780134444321_smallCoverImage.gif)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
![Digital Fundamentals (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780132737968/9780132737968_smallCoverImage.gif)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
![C How to Program (8th Edition)](https://www.bartleby.com/isbn_cover_images/9780133976892/9780133976892_smallCoverImage.gif)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
![Database Systems: Design, Implementation, & Manag…](https://www.bartleby.com/isbn_cover_images/9781337627900/9781337627900_smallCoverImage.gif)
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
![Programmable Logic Controllers](https://www.bartleby.com/isbn_cover_images/9780073373843/9780073373843_smallCoverImage.gif)
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education