exchange rates changed to the exchange rate shown below, state/show the amount of the Canadian companys total profit or loss on the deal now? (Show profit or loss calculation clearly).

Cnd$ 1 = USD$ .64

Cnd$ 1 = British pound .40

_________Place word profit or loss on line.

_________Place amount on line.

Show work clearly below:

A small Canadian company has contracted to purchase 200,000 toys for 3.50 British pounds each, from a British company. The Canadians have agreed to pay for the toys in British pound sterling The Canadians have also agreed to sell the toys to a U.S. company for USDS 5.50 per toy. The Canadian company has agreed to accept U.S. dollars from the U.S. sales but plans to convert these revenues to Canadian dollars. The Canadian company estimates its marginal (additional cost per unit) costs (warehousing, insurance, transportation, and so on) as an additional Cnd$.75 per toy. Exchange rates at the time of signing the agreements are as follows: Cnd$ 1USD$ .68 Cnd$ 1 British pound .54