Mountain Adventures Ltd. manufactures and sells 11 different models of adventure gear. Mountain Adventures Ltd. is contemplating a 5% price cut across all 11 models. It expects the price cut to result in a 9% increase in the number of units sold for models VV4801, VV4803, VV4805, and VV4807. The other seven models (VV4802, VV4804, VV4806, VV4808, VV4809, VV4810, and VV4811) are expected to see a 6% increase in sales volume. Assess the impact of the price cut on Mountain Adventures Ltd.’s profits and prepare a profit and loss statement.

Model	Sales Price	Variable Costs	Sales Volume
VV4801	$75	$35	2,000
VV4802	$85	$40	2,500
VV4803	$95	$45	3,000
VV4804	$105	$50	3,500
VV4805	$115	$55	4,000
VV4806	$125	$60	4,500
VV4807	$135	$65	5,000
VV4808	$145	$70	5,500
VV4809	$155	$75	6,000
VV4810	$165	$80	6,500
VV4811	$175	$85	7,000