A person buys a car marked at Rs. 300000 at successive discounts of 10% and 7.5%. If he sells the car at Rs. 254745, what is the profit or loss percent that he makes?

A person buys a car marked at Rs. 300000 at successive discounts of 10% and 7.5%. If he sells the car at Rs. 254745, what is the profit or loss percent that he makes?
1). 2% profit
2). 2% loss
3). 5% loss
4). 5% profit

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