Question: A major software developer has estimated the demand for its new personal finance software package to be Q = 1,000,000P-3 while the total cost of

A major software developer has estimated the demand for its new personal finance software package to be Q = 1,000,000P-3 while the total cost of the package is C = 100,000 + 20Q. If this firm wishes to maximize profit, what percentage markup should it place on this product?

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