During July,"A" company obtained 500 tons of ore, which yielded 250 pounds of gold and 62,500 pounds of copper. The joint cost related to the operation was $500,000.

Gold sells for $325 per ounce and copper sells for $0.89 per pound.

Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Copper? Round to two decimal places.