$5)(4$ pts$)$ On June $12$th$,$ Alice purchased a put option on British Pounds for speculative purposes with a Sept. $15$th expiration date. The strike price was $$1\mathrm{.}35/1$ GBP$.$ The option contract is for $31,250$ pounds and the premium was quoted at $$0\mathrm{.}04$ per unit or $$1250\mathrm{.}00$ in total for the contract.

a$)$ IF the spot price on the British is $$1\mathrm{.}25/1$ GBP on September $15$th$,$ what was Alice$$s net profit$/$Loss on the transaction?

b$)$ IF the spot price on the British is $$1\mathrm{.}41/1$ GBP on September $15$th$,$ what was Alice$$s net profit$/$Loss on the transaction?