The profit made on an article sold for ₹2400 is equal to the loss incurred when it is sold for ₹2000. What will be the profit or loss percentage if the article is sold for ₹2200?

The correct option is No loss, No profit.

Step 1: Understand the given problem
Let the Cost Price (CP) of the article be $\mathrm{CP}$ rupees.
We are given two selling price (SP) scenarios:
1. When the Selling Price (${\mathrm{SP}}_1$) is ₹2400, a profit is made.
$\text{Profit}={\mathrm{SP}}_1-\mathrm{CP}=2400-\mathrm{CP}$
2. When the Selling Price (${\mathrm{SP}}_2$) is ₹2000, a loss is incurred.
$\text{Loss}=\mathrm{CP}-{\mathrm{SP}}_2=\mathrm{CP}-2000$

Step 2: Calculate the Cost Price (CP)
According to the problem, the profit made at ₹2400 is equal to the loss incurred at ₹2000. Therefore:
$2400-\mathrm{CP}=\mathrm{CP}-2000$
Bringing like terms together:
$2400+2000=2\times \mathrm{CP}$
$4400=2\times \mathrm{CP}$
$\mathrm{CP}=\frac{4400}{2}=2200$
So, the cost price of the article is ₹2200.

Step 3: Determine the profit or loss when sold for ₹2200
Now, the new Selling Price (${\mathrm{SP}}_3$) is ₹2200.
Since the Cost Price ($\mathrm{CP}$) is ₹2200 and the new Selling Price (${\mathrm{SP}}_3$) is also ₹2200, we have:
$\mathrm{CP}={\mathrm{SP}}_3=2200$
Since the Selling Price is equal to the Cost Price, there is neither any gain nor any loss incurred on the transaction.

Thus, there is No loss, No profit.