The market price of a novel was 50% more than its cost price. Vadi was going to sell it at market price to a customer, but he showed vadi some defects in the novel, due to which vadi gave him a discount of 33%.Next day he came again and showed vadi some more defects, hence he gave him another discount that was equal to 14.5% of the cost price. What was the approximate profit/loss to vadi?