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Speedy Smartphone plans to price its new model at $999, which is $599 in cost of materials and labor plus $400 in margin and profit.

Speedy Smartphone plans to price its new model at $999, which is $599 in cost of materials and labor plus $400 in margin and profit. The cost is unavoidable, and they plan to drop the price by $100 per year to keep customers buying. What is the margin and profit in year 3

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