Pankaj purchased two bikes, first for Rs. 24000 and the second for Rs. 20000. He sold both the bikes, first one at the profit of 20 percent and the second at a loss of 30 percent. What is the overall profit or loss?
1
Loss = Rs. 1400
2
Profit = Rs. 1400
3
Profit = Rs. 1200
4
Loss = Rs. 1200