A merchant buys a watch for ₹1,500 and sells it at a 10% loss. He then buys the same model for ₹1,600 and sells it at a 20% profit. Find the overall profit or loss percentage (rounded off to 2 decimal places).
1
Loss percentage is 4.48%
2
Loss percentage is 5.48%
3
Profit percentage is 4.48%
4
Profit percentage is 5.48%