A merchant buys a watch for ₹1,500 and sells it at a 10% loss. He then buys the same model for ₹1,600 and sells it at a 20% profit. Find the overall profit or loss percentage (rounded off to 2 decimal places).
AProfit percentage is 4.48%
BLoss percentage is 4.48%
CLoss percentage is 5.48%
DProfit percentage is 5.48%