Question $20$ of $100$

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Sunland Corporation, a manufacturer of ethnic foods, contracted in $2025$ to purchase $696$ pounds of a spice mixture at $$3\mathrm{.}00$ per pound, delivery to be made in spring of $2026.$ By $\frac{12}{31}\frac{?}{25},$ the price per pound of the spice mixture had risen to $$3\mathrm{.}25$ per pound. In $2025,$ Sunland should recognize

a loss of $$2088\mathrm{.}00.$

a loss of $$174\mathrm{.}00.$

no gain or loss.

$$ a gain of $$174\mathrm{.}00.$