Shivam purchased two watches, first for Rs. 12000 and the second for Rs. 20,000. He sold both the watches, first one at the profit of 10 percent and the second at a loss of 20 percent. What is the overall profit or loss?

Loss = Rs.2800

                                 CP                         SP  

First watch              12000---10%P--------13200  

Second watch         20000---20%L--------16000

                          ——————————————————

                            32000                       29200

So, he occured a loss of 32000 - 29200 = 2800