Using Python-
The markup of an item is thedifference between its selling price and its purchase price. Twoother marketing terms are
percentagemarkup= and profit margin=
where the quotients are expressed aspercentages. Write a program that computes the markup, percentagemarkup, and profit margin of an item. Note: The outputformat of your program should be exactly the same as given below(marked in yellow), and the numbers should have the same format asgiven (marked in blue).
One possible outcome:
Enter purchase price: 215
Enter selling price:645
Markup:$430.0
Percentage markup:200.0%
Profit margin:66.67%
Solution
purchase_price=float(input(“Enter purchase price: “))
selling_price=float(input(“Enter selling price: “))
markup=selling_price-purchase_price
per_markup=100*markup/(markup-purchase_price)
profit_margin=(selling_price-purchase_price)*100/selling_price
print(“Markup:$ “,markup)
print(“Percentage Markup:$ “,per_markup,”%”)
print(“Profite margin: