Write a program that asks the user to enter an item’s wholesale cost and its mar

Question

Write a program that asks the user to enter an item’s wholesale cost and its markup percentage.(I NEED JAVA CODE) It should then display the item’s retail price. For example:

• If an item’s wholesale cost is 5.00 and its markup percentage is 100 percent, then the item’s retail price is 10.00.

• If an item’s wholesale cost is 5.00 and its markup percentage is 50 percent, then the item’s retail price is 7.50.

The program should have a method named calculateRetail that receives the wholesale cost and the markup percentage as arguments, and returns the retail price of the item.

Class name: RetailPriceCalculator

out put should be like this

first test

second test

third test

forth test

last test

Explanation / Answer

RetailCostCheck.java

import java.text.DecimalFormat;

import java.util.Scanner;

public class RetailCostCheck {

public static void main(String[] args) {

DecimalFormat df = new DecimalFormat("0.00");

Scanner scan = new Scanner(System.in);

System.out.print("Please enter the wholesale cost or -1 exit: ");

double wholesaleCost = scan.nextDouble();

double percentage = 0;

if (wholesaleCost != -1) {

System.out.print("Please enter the markup percentage or -1 exit: ");

percentage = scan.nextDouble();

}

while (wholesaleCost != -1 && percentage != -1) {

double retailCost = calculateRetail(wholesaleCost, percentage);

System.out.println("The retail price is: " + df.format(retailCost));

System.out.print("Please enter the wholesale cost or -1 exit: ");

wholesaleCost = scan.nextDouble();

if (wholesaleCost != -1) {

System.out

.print("Please enter the markup percentage or -1 exit: ");

percentage = scan.nextDouble();

}

}

}

public static double calculateRetail(double wholesaleCost, double percentage) {

double retailCost = wholesaleCost + (wholesaleCost * percentage) / 100;

return retailCost;

}

}

Output:

Please enter the wholesale cost or -1 exit: 500
Please enter the markup percentage or -1 exit: 5.5
The retail price is: 527.5
Please enter the wholesale cost or -1 exit: 300
Please enter the markup percentage or -1 exit: 3.3
The retail price is: 309.9
Please enter the wholesale cost or -1 exit: 200
Please enter the markup percentage or -1 exit: -1

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