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OpenStudy (anonymous):
Phillip, the proprietor of a vineyard, estimates that the first 10300 bottles of wine produced this season will fetch a profit of $7 per bottle. However, the profit from each bottle beyond 10300 drops by $0.0005 for each additional bottle sold. Assuming at least 10300 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
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