Mountain Sports manufactures and sells 9 different models of mountain gear. Mountain Sports is contemplating a 5% price cut across all 9 models. It expects the price cut to result in a 9% increase in the number of units sold for models FF3201, FF3203, FF3205, and FF3207. The other five models (FF3202, FF3204, FF3206, FF3208, and FF3209) are expected to see a 6% increase in sales volume. Assess the impact of the price cut on Mountain Sports’ profits and prepare a profit and loss statement.

Model	Sales Price	Variable Costs	Sales Volume
FF3201	$75	$35	2,500
FF3202	$85	$40	3,000
FF3203	$95	$45	3,500
FF3204	$105	$50	4,000
FF3205	$115	$55	4,500
FF3206	$125	$60	5,000
FF3207	$135	$65	5,500
FF3208	$145	$70	6,000
FF3209	$155	$75	6,500