A car dealer buys a used car which is marked at 25 lakhs. He gets a discount of 20%. He is also offered an additional 5% discount on the already discounted price since he does full payment. If he had to spend 6 lakhs on the maintenance of the car, how much is his net gain or loss?
1
5% profit
2
No net gain or loss
3
15% loss
4
2% profit