An electronics retailer sets the price of the items it sells as follows - it takes the base price of an item, applies a markup to this price, and then applies GST to the result to obtain the retail price. Write a program, which given the following three variables, calculates the retail price of an item for the retailer.

base_price = 25.99 markup = 35 gst = 15

You can assume the following:

• The variable base_price will always be assigned a floating point value.
• The variable markup will always be assigned an integer value. The value assigned is a percentage.
• The variable gst will always be assigned an integer value. The value assigned is a percentage.

Given the above statements, the program would produce the following output:

Given a base price of $25.99 and a markup of 35% The retail price of the item is $40.35

Please note the following:

• The calculated retail price should be rounded to the nearest 2 decimal places using the round() function.
• Do not include the above variable initialization statements in your code. They will be provided for you with each CodeRunner test case.

For example:

Test	Result
base_price = 25.99 markup = 35 gst = 15	Given a base price of $25.99 and a markup of 35% The retail price of the item is $40.35
base_price = 550.0 markup = 50 gst = 15	Given a base price of $550.0 and a markup of 50% The retail price of the item is $948.75