A put option contract on British pounds specifies the following information:

$$ Put option premium $=$ $$0\mathrm{.}04$ per unit

$$ Strike price $=$ $$1\mathrm{.}40$

$$ One option contract represents $31,250$ pounds

A speculator who had purchased this put option decided to exercise the option shortly before the expiration date, when the spot rate of the pound was $$1\mathrm{.}30.$ The speculator purchased the pounds in the spot market at that time. Calculate the net profit to the purchaser of the put.