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 priceCalculate the sale price (salePrice) as 25 percent deducted from the retail priceCalculate 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: $325Wholesale Price: $200Profit: $125 SalePrice: $243.75Sale Profit: $43.75

Ensure the file named Furniture.java is open. The file includes variable declarations and output…

Answered: Ensure the file named Furniture.java is…

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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Question

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