Capri Ltd sold the following assets during the year ended 31 March 2020:

(1) During the year Capri Ltd had the following acquisitions and disposals of shares:

10 July 2019 Acquired 500 shares at a cost of 8,000

12 July 2019 Acquired 100 shares at a cost of 3,800

12 July 2019 Disposed 1,500 shares for 25,000

The following prior transactions are relevant:

S104 holding values as at April 1985 - No. of shares 10,000; cost 14,000; indexed cost 18,000

15 August 2014 Acquired 2,000 shares at a cost of 6,000

The relevant retail prices index (RPIs) for the building and share holdings are:

April 1985 94.78

August 2014 257.0

December 2017 278.1

Required:

Calculate Capri Ltds gain or loss on the disposal of the shares.

(10 marks)