In my example above, $160 WAS the selling price.
So in your program, "percentage" variable would actually be the selling price.
Also, you want to name your variable so that it is self-explanatory and reflects the value that it stores.
For example, instead of "item", use something like "priceOfItem"
It's better to have a longer variable name and actually understand what that variable is exactly for than having something like a, b, c and later in the program, you forget what a is supposed to store.
You might write the program for yourself right now, but later, you will write the codes for whoever you will be working for and other people will read your code and they must be able to understand it. I'd definitely practice naming variables and also using comments when necessary.
Also, the value that percentage stores in your program isn't actually percentage. 60% or .60 is the percentage. So I would change the name of "percentage" to
Also remember that prices are almost certainly double, not int. Change the variable types to double and if you want to go further beyond, use <iomanip> to show only 2 decimal places in the standard output.