Quantitative Aptitude Profit and Loss

A TV and an air conditioner were sold for ₹9,600 each. The TV was sold at a loss of 20% and the AC was sold at a profit of 20%. What is the net result?

1
Loss of ₹800
2
Gain of ₹800
3
No loss or gain
4
Gain of ₹1,600

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