Mountain equipment co op wants to price a new backpack. the backpack can be purchased for at list price for$ 84.95 less a trade discount of 20% and a quantity discount of 15%. MEC estimate expenses to 16 % of ghost and it must have maintain a markup on selling price of 32%. 1. what is the cost of backpack? 2. what is the markup amount? 3. what is the regular unit selling price for the backpack? 4. what the profit will mountain equipment co op realize? 5. what happens to the profits if it sells the backpack at the MSRP instead?

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