Question

Python problem using a while loop (not a for loop)

• TASK 2: A retail company must file a monthly sales tax report listing the total sales for the month and the amount of state and federal sales tax collected.
  • The Company made $1000 in sales in month 1.
  • Sales increased by 10% from the previous month each month for 6 months except in month 5 where it increased only 7%. (i.e. From month 5 to month 6 there was only a 7% increase)
  • State tax rate is 5 percent and the Federal tax rate is 2.5 percent

Do not have to graph it, dont worry about it, as long as its short and uses a while loop.

Using the python 3.8 shell.

Answer 1

The given code is mostly self-explanatory it does not use a for loop

init_month = 1000
state_tax = 0.05
fredral_tax = 0.025
month = 1
this_month_sales = init_month
this_month_sales_tax = this_month_sales * state_tax
this_month_fredral_tax = this_month_sales * fredral_tax
while month <=12:
print('Sales for month '+str(month)+' is '+str("{:.2f}".format(this_month_sales))+' with state tax being '+str("{:.2f}".format(this_month_sales_tax))+' and fredral tax is '+str("{:.2f}".format(this_month_fredral_tax)))
if month is not 5:
this_month_sales += this_month_sales * 0.1
this_month_sales_tax = this_month_sales * state_tax
this_month_fredral_tax = this_month_sales * fredral_tax
else:
this_month_sales += this_month_sales * 0.07
this_month_sales_tax = this_month_sales * state_tax
this_month_fredral_tax = this_month_sales * fredral_tax
month += 1

output: