"Speedometer Motors sold a car for 45,000 pounds to a customer in London on March 16, 2018 when the spot rate was P68.45 for 1 pound. On April 20, 2018, Celica received thirty percent of the selling price as partial payment. The spot rate at that time as P67.48 for 1 pound. The balance was paid on May 5 when the spot rate was P68.63 for 1 pound. Compute for the foreign currency gain/loss on this transaction:

a.7,425 loss

b.7,425 gain

c.35,550 loss

d.35,550 gain