Question 17: Operators

Profit or Loss Calculation for Electronics Store

James owns an electronics store and decided to purchase 1500 smartphones at a price of $400 each. He then sold each smartphone for $500. Write a Python program to calculate whether James made a profit or a loss, how many smartphones were sold, and how many are left unsold.

• Start by asking for James’s name and store it in a variable called name.
• Define variables for:
  • The number of smartphones purchased (num_purchased), set to 1500.
  • The cost price of each smartphone (cost_price), set to $400.
  • The selling price of each smartphone (selling_price), set to $500.
  • The number of smartphones sold (num_sold), ask the user to input this number.
• Calculate:
  • The total cost by multiplying the number of smartphones purchased by the cost price.
  • The total revenue by multiplying the number of smartphones sold by the selling price.
  • The profit or loss by subtracting the total cost from the total revenue.
  • The number of smartphones left unsold by subtracting the number of smartphones sold from the total number purchased.
• Print a message that includes:
  • Whether James made a profit or loss.
  • The total number of smartphones sold.
  • The number of smartphones left unsold.

This program will help James understand his profit or loss and track his stock.