An Irrigation Pump Is Purchased for $5,402 Less 40% and 25

Multiple Choice

An irrigation pump is purchased for $5,402 less 40% and 25%. The pump is regularly priced at $3,100. Operating expenses are normally 26% of selling price. If the pump is sold at a discounted price of $2,635 then determine the profit or loss on product.

A) $427.93 Profit
B) $680.03 Profit
C) $601.90 Loss
D) $680.03 Loss
E) $25 profit