A Major Software Developer Has Estimated the Demand for Its

Question 66
Multiple Choice

A major software developer has estimated the demand for its new personal finance software package to be Q = 1,000,000P-1.40 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? A) 220% B) 290% C) 250% D) 190% E) 300%