Over Priced or Not?

Hello, I’m selling a product for $329.99 + shipping, the actual cost for manufacturing is $95.00. My partner thinks I should lower the price in hopes of getting more sales.

Presently we have two competitors in the market place and one is on Amazon, at $329.99 we are $139 dollars cheaper than the competitor on Amazon.

Would you guys keep the price as is or go cheaper?