Assume Juan bought 24 ounces of gold for $5,280 as protection against rising inflation. He sold half the gold in 1980 at a price of $545 an ounce. Juan sold the other half in 1982 when the price was $395 an ounce. What was Juans profit in 1980 and in 1982?

		Juans profit in 1980 was $4,000. Juans profit in 1982 was $1,120.
		Juans profit in 1980 was $5,475. Juans profit in 1982 was $2,250.
		Juans profit in 1980 was $3,900. Juans profit in 1982 was $2,100.
		Juans profit in 1980 was $6,300. Juans profit in 1982 was $4,830.