$$210.$

$$200.$

$$190.$

$$180.$

$$170.$Question $6(1$ point$)$

Electronic Component Company $($ECC$)$ is a producer of high$-$end video and music

equipment. ECC currently sells its top of the line "ECC" video player for a price of

$$250.$ It costs ECC $$210$ to make the player. ECC's main competitor is coming to

market with a new video player that will sell for a price of $$220.$ ECC feels that it

must reduce its price to $$220$ in order to compete. The sales and marketing

department of ECC believes the reduced price will cause sales to increase by $15\%.$

ECC currently sells $200,000$ video players per year.

Assuming sales and marketing are not correct in their estimation and the volume of

sales is not changed and ECC meets the competitive price, what is the target cost if

ECC wants to maintain its same income level?