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?

A

Profit = Rs.2600

B

Loss = Rs.2800

C

Loss = Rs.2400

D

Profit = Rs.2200