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Problem: Write an ALGORITHM to determine the selling price of an item in a shop where everything is sold at 10% discount. Your algorithm must

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Problem: Write an ALGORITHM to determine the selling price of an item in a shop where everything is sold at 10% discount. Your algorithm must finally display the cost, the discount amount, and the final selling price. (define your inputs and outputs) Algorithm: 1. Start 2. Write "Please enter the cost for the item:" 3. Read cost 4. discountAmount = cost 0.10 5. finalSellingPrice = cost discountAmount 6. Write cost, discountAmount, finalSellingPrice 7. Stop Python: Write a python program to evaluate your algorithm

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