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Is a 35%+ markup normal for senior C2C roles?

I’m doing a 6-month contract (Corp to Corp) as a senior software engineer. No benefits, no W2 obligations, just clean C2C work. I recently found out the staffing firm is billing the client $125/hr while I’m getting about $80/hr. Is that a reasonable deduction for them? Or am I being lowballed here?

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