Question: Please make sure to follow the steps on the question, thanks. Retail Price Calculator Write a program that prompts the user for the wholesale price

 Please make sure to follow the steps on the question, thanks.

Please make sure to follow the steps on the question, thanks.

Retail Price Calculator Write a program that prompts the user for the wholesale price and markup percentage of an item. The program should invoke a method to calculate the retail price of the item. You will need: 1. A scanner object to read the wholesale price and the markup percentage (the percentage should be entered in a percent format like 25%. Note: this would need to be converted to decimal torcalculations) 2 Variables to store: o The wholesale price (as a double) o The markup (as a double - makes it easier to convert to calculations. Tip: watch out for cases of integer division!) 3 Input validation for the wholesale price and the markup percentage. Both must be greater than 0. A NumberFormat object to display the retail price in currency format and the percentage in percent format. 5. A method that: o Accepts 2 parameters the wholesale price and markup percentage o Calculates the retail price o Returns the retail price value A sample of the output is shown below: Enter the item's wholesale cost: -90 Enter the item's wholesale cost: 90 Enter the item's markup percentage (as a %):-50 Enter the item's markup percentage (as a %): 50 The item's retail price (at a 50% markup) is $135.00

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