Here’s a Java program that accepts the cost price and selling price of an article, determines whether there is a profit or loss, and calculates the respective percentages.
java
import java.util.Scanner;
public class ProfitLossCalculator {
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
// Accept cost price
System.out.print("Enter the cost price: ");
double costPrice = scanner.nextDouble();
// Accept selling price
System.out.print("Enter the selling price: ");
double sellingPrice = scanner.nextDouble();
// Calculate profit or loss
double difference = sellingPrice - costPrice;
if (difference > 0) {
double profitPercent = (difference / costPrice) * 100;
System.out.printf("Profit: %.2f%%\n", profitPercent);
} else if (difference < 0)="" />
double lossPercent = (Math.abs(difference) / costPrice) * 100;
System.out.printf("Loss: %.2f%%\n", lossPercent);
} else {
System.out.println("No profit, no loss.");
}
scanner.close();
}
}
Program Explanation:
- Scanner Class: This program uses the `Scanner` class to capture user input for the cost price and selling price of the article.
- Variables:
- `costPrice`: Stores the purchase cost of the article.
- `sellingPrice`: Stores the price at which the article is sold.
- `difference`: Calculates the difference between selling price and cost price.
- Profit or Loss Calculation:
- If the difference is greater than zero, it indicates a profit. The profit percentage is calculated using the formula:
- Profit Percent = (Profit / Cost Price) * 100
- If the difference is less than zero, it indicates a loss. The loss percentage is calculated using the formula:
- Loss Percent = (Loss / Cost Price) * 100
- If the difference is zero, it indicates that there is neither profit nor loss.
This program effectively provides clarity on the financial outcome of the transaction, ensuring users can make informed decisions based on profit or loss percentages.