Block Island TV currently sells large televisions for$$ $$380.$ It has costs of$$ $$290.$ A competitor is bringing a new large television to market that will sell for$$ $$320.$ Management believes it must lower the price to$$ $$320$ 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 currently$120,000$ 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$)?$

Question content area bottom

Part $1$

A$.$

$$$$224\mathrm{.}00$

B$.$

$$$$290\mathrm{.}00$

C$.$

$$$$238\mathrm{.}18$

D$.$

$$$$230\mathrm{.}00$