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The Oriole Co. knows that students want new backpack and jacket styles before school begins...

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Accounting

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The Oriole Co. knows that students want new backpack and jacket styles before school begins each year. The company is up to the challenge, as its designers and manufacturers work around the clock to create the trendiest looks in both of these product categories. The Oriole's top-selling backpack normally brings in a whopping $84 in sales to the business, while its up-and-coming windbreaker jacket sells for a more affordable \$56. The company is trying to really push these products, as it earns very high margins on them. In order to capture the hearts and minds of the back-to-schoof crowd, The Oriole management offers a special: buy both a backpack and a jacket for just $991 Managers hope this hot deal will be attractive to students, particularly since the company's high-end backpack sells for $100 ail by itself. to recognize this bundled sale? (Round answers to z decimal proces, es. 13.25.)

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