Given a simple business problem design a solution algorithm that uses arithmetic expressions and built-in functions.Assignment:Your goal is to solve the following simple programming exercise. You have been contracted by a local restaurant to design an algorithm determining the total meal charges. The algorithm should ask the user for the total food purchase and the tip percent. Then the algorithm will calculate the amount of a tip a 7% sales tax and the total meal charge (including tip). The food purchase sales tax tip amount and total meal charge will need to be displayed to the customer.Be sure to THINK about the logic and design first (IPO chart and pseudocode) then code the Visual Logic command line processing. Display all output using currency formatting (built-in Visual Logic function).Advanced (optional): use a constants for the 7% sales tax.Rubric:When completed staple the following documents together neatly in 1234 order:1) This instruction sheet first2) The IPO Chart second3) The Pseudocode third4) The Flowchart and output example last.