A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is represented by the model D=2,000 - 4P. The accounting department estimates that the total costs can be represented by C = 6,000+ 3D. Develop a model for the total profit. Implement the model on a spreadsheet and use nonlinear optimization with Solver to find the price that maximizes profit. The price that maximizes profit is P = $
(Round to the nearest cent as needed.)