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The price of a tennis racquet in shop M was equal to the price of the same tennis racquet in shop N.
A year-end sale had both the shops offering a discount on the racquet.
After the discount, the racquet was available in shop M for $110 and in shop N for $120.
A tennis academy saves $230 when purchasing 10 such racquets from each shop during the sale.
How much money could the academy save by buying 16 such racquets from shop M?