Fitness Pro manufactures and sells 7 different models of fitness equipment. Fitness Pro is contemplating a 7% price cut across all 7 models. It expects the price cut to result in a 12% increase in the number of units sold for models D401, D403, D405, and D407. The other three models (D402, D404, and D406) are expected to see a 6% increase in sales volume. Assess the impact of the price cut on Fitness Pro’s profits and prepare a profit and loss statement.

Model	Sales Price	Variable Costs	Sales Volume
D401	$70	$35	3,000
D402	$80	$40	4,500
D403	$90	$45	5,000
D404	$100	$50	3,500
D405	$110	$55	2,800
D406	$120	$60	2,200
D407	$130	$65	1,800