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A consignment shop accepts product for sale and sets an initial price. Each month that the item does not sell, the price is reduced by
A consignment shop accepts product for sale and sets an initial price. Each month that the item does not sell, the price is reduced by 20 percent. When the item sells, the item's owner receives 60 percent of the sale price, and the shop gets 40 percent.
What are the inputs, outputs, and pseudocode for this problem?
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