how do you solve this

You purchase a six month $1.25 sfrike put option on the Bristish pound for $0.18 per unit. Each option contract covers 31,250 British pounds. On the expiration date. the spot rate for the British pound is $1.20. Assuming you are an astute irvestot, what is your profit (4) or loss () on the put option? Round your final answer to two decimal places ( Ex. 50.00). You purchase a six month $1.25 strike put option on the British pound for $0.18 per unit. Each option contract covers 31.250 British pounda. On the expirstion date. docimal places (Ex. $0.00) )