3-27. Basic Decision Analysis Using CVP Refer to the data for Balance, Inc., in Exercise 3-26. Assume that the company plans to sell 700,000 units per month. Consider requirements ( b ), ( c ), and ( d ) independently of each other. Required a. What will be the operating profi t? b. What is the impact on operating profi t if the sales price decreases by 10 percent? Increases by 20 percent? c. What is the impact on operating profi t if variable costs per unit decrease by 10 percent? Increase by 20 percent? d. Suppose that fi xed costs for the year are 10 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profi t for the year? Will profi t go up? Down? By how much?

I need complete explaination how to interpret profit and loss+ how can we interpret increase or decrease in profit or loss??

Your prompt response is highly appreciated