Which statement best describes the pseudocode below:

start

input origPrice

set discount $=$ origPrice $*0\mathrm{.}20$

set finalPrice $=$ origPrice $-$ discount

output finalPrice

stop

Group of answer choices

The pseudocode describes the original price of a purchased item, with a $20\%$ discount

The pseudocode describes calculating the price of an item, with a discount rate of $20\%,$ and displaying the final price.

The pseudocode describes discount and final prices based on original price, and displays the discount price

None of the above