Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the day, the shop had 10 rings in its inventory. During the day, 3 new rings were delivered to the shop. By close of business, only 9 rings remained in inventory. The purchase price of each ring from the supplier is $224. In addition, the company pays $5 for shipping and delivery insurance on each ring that they purchase What is the company's Gross Profit for the day if it sells each ring for $515? The Gross Profit for the day is $