A specialty food store was given samples of a new line of olive oils to consider adding to their stock. A bottle of oil costs the store $7 to purchase from the distributor and has a suggested retail price of $11. The store estimates that it will sell 500 bottles per year. The fixed costs associated with obtaining the new product are estimated to be about $500 over the course of a year. What is the expected profit from selling the new line of olive oils for one year?