Profit & Loss (The Illusioners)

Question:
A retailer buys a camera for \($x\).
He trys to sell it at a profit of \(20\%\).
However, he could not sell it.
During the Great Singapore Sale (GSS), he finally managed to sell the camera, but at a \(20\%\) discount.

Will he make a profit, incur a loss or break even and by what percentage?
Explain how you arrive at your answer.


Extension:
A retailer buys a camera for \($x\).
He trys to sell it at a profit of \(y\%\).
However, he could not sell it.
During the Great Singapore Sale (GSS), he finally managed to sell the camera, but at a \(y\%\) discount.

Will he make a profit, incur a loss or break even and by what percentage?
Explain how you arrive at your answer.