An irrigation pump is purchased for $5,402 less 40% and 25%. The pump is regularly priced at $3,100. Operating expenses are 26% of the regular selling price. If the pump is sold at a discounted price of $2,635 then determine the profit or loss on product.
A) $601.90 Profit
B) $680.03 Profit
C) $601.90 Loss
D) $680.03 Loss
E) $25 profit
Correct Answer:
Verified
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