Question

Linda is starting a new cosmetic and clothing business and would like to make a net profit of approximately 10% after paying all the expenses, which include merchandise cost, store rent, employees’ salary, and electricity for the store. She would like to know how much the merchandise should be marked up so that after paying all the expenses at the end of the year she gets approximately 10% net profit on the merchandise cost. Note that after marking up the price of an item she would like to put the item on 15% sale.Write a program that prompts Linda to enter the total cost of the merchandise (assuming for the year), the salary of the employees (including her own salary) the yearly rent, and the estimated electricity cost. The program then outputs how much the merchandise should be marked up so that Linda gets the desired profit. (Compile in C++)

Answer 1

#include <iostream>
using namespace std;

int main() {
   double merchandiseCost;
   double totalSalary;
   double yearlyRent;
   double electricityCost;
   double totalCost;
   double markUpPrice;
  
   cout<<"Enter the merchandise cost : ";
   cin>>merchandiseCost;
   cout<<"Enter the total salary : ";
   cin>>totalSalary;
   cout<<"Enter the yearly rent : ";
   cin>>yearlyRent;
   cout<<"Enter the electricity cost : ";
   cin>>electricityCost;
  
   totalCost = merchandiseCost + totalSalary + yearlyRent + electricityCost;
  
   markUpPrice = totalCost + (5*totalCost)/17;
  
   cout<<"The markup price should be : "<<markUpPrice;
  
   return 0;
}

The equation to come up with the solution is shown below :

Here mp is markup prcie and tc is total cost.

Don't mind the input values not present. It is because the output was read from a file rather than inputting it.