You bought British pound put option at a premium of $0.03 per unit. The exercise price is $1.23. In three months (right before the option expires), one can buy British pounds for $1.22 per unit in the spot market. What will be your net profit?

You bought British pound put option at a premium of $0.03 per unit. The exercise price is $1.41. In one month (right before the option expires), British pounds trade at $1.43 in the spot market. What will be your net profit?

show work and formula please