Green Meadows is evaluating the pricing of its fresh-squeezed peach juice in half-gallon containers. Variable costs per container are $1.75. Management has determined that the price per half-gallon should be between $2.75 and $3.25. Identify the price that maximizes contribution margin and prepare the profit and loss statement.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.75	97,000
$2.80	94,000
$2.85	91,000
$2.90	88,000
$2.95	85,000
$3.00	82,000
$3.05	79,000
$3.10	76,000
$3.15	73,000
$3.20	70,000
$3.25	67,000