Rana Plc. is a small business that produces luxury hand watches. The company has total fixed costs of $900,000 per month and variable cost per unit is $70. The company has estimated monthly sales demand for watches, at a range of possible selling prices, as follows:

Selling price ($)	Units sold
200	7,500
260	6,500
320	5,750
380	4,750
420	3,900
460	3,200

Required: Advice Rana PLC on the profit maximizing selling price for the pens.