Question $7(1$ point$)$

Landmark Coal operates a mine. During July, the company obtained $500$ tons of ore, which yielded $250$ pounds of gold and $62,800$ pounds of copper. The joint cost related to the operation was $$500,000.$ Gold sells for $$325$ per ounce and copper sells for $$0\mathrm{.}93$ per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?

Round to two decimal places.