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Example: Draw a flowchart to find profit or loss.
Flowchart: Profit and loss
In this flowchart we have taken two inputs,
namely cost price and selling price. Then, we will
Start
calculate profit or loss depending on the values
and prints the same.
Read Cost price
l Cost price (C.P): It is the total amount of (C.P)
money that costs a manufacturer to produce a
given product or provide a given service. Read Selling
price (S.P)
l Selling price (S. P): It is the final price of a
product. Selling price can also be referred to
as list price, market price, or standard price. Yes
Is S.P > C.P? Profit= S.P– C.P
l Profit (P): The profit is defined as the amount
gained by selling a product, which should be No
more than the cost price of the product. Print Profit
Loss = C.P - S.P
Profit = S.P - C.P
l Loss (L): If a product is sold at a price less
Print Loss
than its cost price then the seller makes a loss.
Loss = C.P - S.P
End
Let's REFRESH
l An algorithm is a set of steps in a sequential manner to solve a problem or to complete a task.
l A flowchart is a diagrammatic representation of the step-by-step plan to be followed for solving a
task/problem statement.
l While drawing flowcharts we have to use standard symbols.
l While drawing flowcharts we have to work in a consistent direction.
l Disadvantage of flow chart is difficulty in modifications.
Exercise
A. Multiple choice questions
1. Which of the following is the way to represent an algorithm?
(i) Flowchart (ii) Pseudocode
(iii) Both (i) and (ii) (iv) None of these
Coding and Flowchart 51

