There are many variables that determine the rpm drop and there is really no correct answer unless you are referring to a bone stock engine, trans and torque converter. Once any of these change, the game is off. A larger cam, change in ignition timing, change in torque converter stall speed, etc. You get the picture.
If you ask others with modified engines and transmissions, you will learn that the rpm drop may drop as little as nothing, to as much as 500 rpm (although not too common) depending on the entire recipe.
IMO, 350 drop is not completely uncommon, unless of course we are talking about the bone stock scenario.