A business uses the specific identification method of costing inventory. During a month, they purchased three cars for $ 5,000, $ 6,500, and $ 8,000, respectively. During the month, the first two cars are sold for $ 7,500 each. What is the gross profit for that month for the business?

Select one:

a.

$ 6,000

b.

$ 4,500

c.

$ 1,500

d.

$ 3,000

e.

$ 5,500