Last year Mr. A bought two paintings. This year he sold

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Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25% profit and on the other he had a 25% loss. Then his net profit or loss is

1. He lost more than Rs. 2000
2. He lost less than Rs. 2000
3. He earned more than Rs. 2000
4. He earned less than Rs. 2000

Here , S.P. of each painting = Rs. 20,000
On 25% profit ,

C.P. of first painting =	20000 × 100
	100 + 25

C.P. of first painting =	20000 × 100	= Rs. 16000
	125

On 25% loss ,

C.P. of second painting =	20000 × 100
	100 - 25

C.P. of second painting =	20000 × 100	= Rs. 26666.7
	75

Loss = Total C.P. - Total S.P.
Loss = { (16000 + 26666.7 ) – 2 × 20000 } = Rs. 2666.7