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Answer the following questions using the information below Block lsland TV currently sells large televisions for $360. It has costs of $280. A competitor is
Answer the following questions using the information below Block lsland TV currently sells large televisions for $360. It has costs of $280. A competitor is bringing a new large television to market that will sell for $300. Management believes it must lower the price to $300 to compete in the market for large televisions. Marketing believes that the new price will cause sales to increase by 10%, even with a new competitor in the market Block Island TV sales are curent y 10 O televisions per year. What is the target cost if the company wants to maintain its same income level, and marketing is correct (rounded to the nearest cent)? O A. $225.00 O B. $246.68 O C. $280.00 O D. $227.27
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