Video Planet ("VP") sells a big screen TV package cons listing of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation induces programming the remote to have the TV interface with other parts of the customers home entertainment system, VP concludes that the TV remote and installation service are separate performance obligations VP sells the 60-inch TV separately for $1, 950 and sells the remote separately for $200, and offers the entire package for $2, 300. VP does not sell the installation service separately. VP is aware that other similar vendors 4$250 for installation service. VP also estimates that it incurs approximately $200 compensation and other costs for VP staff to provide the installation service VP typically charges 30% above cost on similar sales. Calculate the stand-alone price of the installation service using each of the fallowing approaches