With explation please
11. A shopkeeper bought 15 tables at the
rate of 500 each and 20 chairs at the
rate of 300 each. He spent 40 on
transportation. He sold the tables and
chairs at a flat rate of 380 each. What
is gain or loss?
(1) 240, loss
(3) 250, loss
(2) *240, gain
(4) 250, gain
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