Quantitative Aptitude Profit and Loss Successive Selling

A man sells two scooters for Rs. 12000 each. He makes a profit of 20% on one and a loss of 20% on the other. The profit/loss, on the whole is:

1

Rs. 960 loss

2

Rs. 1000 loss

3

Rs. 1000 profit

4

Rs. 960 profit

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