Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in successive weeks during the busy August season. The number of people who entered the store was roughly the same each week. During the first week, she priced the cones at $4.80 and 2,185 cones were sold. During the second week, she priced the cones at $5.30 and 1,750 cones were sold. The variable cost of a cone is $1.00 and consists solely of the costs of the ice cream and the cone itself. The fixed expenses of the ice cream stand are $2,030 per week.

Required:

3. What profit did Maria earn during the second week when her price was $5.30?

4. What was Maria's increase (decrease) in profits from the first week to the second week?