Question
2.Twenty Technologies, currently sells 17 monitors for$280. It has costs of $220. A competitor is bringing a new 17 monitor to market that will sell
2.Twenty Technologies, currently sells 17" monitors for$280. It has costs of $220. A competitor is bringing a new 17" monitor to market that will sell for $230. Management believes it must lower the price to$230 to compete in the market for 17" monitors. Twenty Technologies believes that the new price will cause sales to increase by 10%, even with anew competitor in the market. Twenty Technologies' sales are currently 5100monitors per year. What is the target cost if the target operating income is25% of sales?
(2 Points)
$230.00
$210.00
$172.50
$165.00
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