One year ago today, you purchased 100,000 pounds from a dealer that quoted the pound at $1.250-58. Today, you sold all your pounds to a dealer with the following quotes: $1.275-77. Find your profit/loss in terms of dollars. Round intermediate steps to four decimals and your final answer to two decimals. Do not use currency symbols or words when entering your answer

Please show steps (Remember Ask/Bid Price)