Office Furniture Is Purchased for $4,685 Less 48% and 21

Office furniture is purchased for $4,685 less 48% and 21% from a distributor. The normal retail selling price on the furniture is $2,850. Operating expenses are 31% of retail selling price. Determine the profit or loss, if the furniture is sold at a discounted price of $2,422.50.

A) $98.72 Loss
B) $98.72 Loss.
C) $385.60 Profit
D) $385.60 Loss
E) $41.90 Profit