Question: Flagler Electronics currently sells a camera for $ 2 4 0 . An aggressive competitor has announced plans for a similar product that will be

Flagler Electronics currently sells a camera for $240. An aggressive competitor has announced plans for a similar product that will be sold for $205. Flaglers marketing department believes that if the price is dropped to meet competition, unit sales will increase by 10%. The current cost to manufacture and distribute the camera is $175, and Flagler has a profit goal of 20% of sales. If Flagler meets competitive selling prices, what is the company's target cost?
Group of answer choices
$41.
$164
$48
$175
$192

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