Gemma’s mum runs the merchandise shop. She buys 60 t-shirts from the wholesaler at £13 each. She sets the selling price of each t-shirt to make 30% profit on each. She sells 40 t-shirts at this price. Towards the end of the tournament, she reduces the price by 20% and sells the remaining t-shirts. Has she made a profit or a loss? How much profit/loss has she made?