Speculating with Currency Call Options. Randy

Rudecki purchased a call option on British pounds

for $$\mathrm{.}02$ per unit. The strike price was $$1\mathrm{.}45,$ and

the spot rate at the time the option was exercisedwas $$1\mathrm{.}46.$ Assume there are $31,250$ units in a British pound option. What was Randy$$s net profit on

this option?