196#25#
In the given code, the variable p is initially set to 8, and a function sum is defined with two parameters q and r, each having default values. When the function sum(p) is called, it overrides the default value of q with the value of p, resulting in q becoming 8. Inside the function, p is calculated as the square of the sum of q and r, which evaluates to 196. The function then prints 196# due to the end='#' parameter in the print statement. Subsequently, the function sum(r=3, q=2) is called with specific values for q and r, which are 2 and 3 respectively. Inside this call, p is calculated as 25 and printed as 25#. Therefore, the output of the code is 196#25#.