The Honeymoon Hotel has a foyer shop that sells souvenir T-shirts. The shop manager likes to hold 40% of the following months projected T-shirt sales in stock. Projected T-shirt sales in the next two months are:

• August: 500
• September: 400

The shop has projected it will be holding 200 T-shirts in stock on 1st August. If the T-shirts cost $5 each, what is the cost of T-shirt purchases to be made in August?

a. 3500

b. 2300

c. 4500

d. 1700

e. 2000