Mathematics
tcthomps1
12

Mr. Jones sold two pipes at $1.20 each. Based on the cost, his profit one was 20% and his loss on the other was 20%. On the sale of the pipes, he: (a) broke even, (b) lost 4 cents, (c) gained 4 cents, (d) lost 10 cents, (e) gained 10 cents

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(2) Answers
omixcordlit

Solution: 20 % profit on $ 1.20  = $ 20/100 × 1.20 = $ 0.20 × 1.20 = $ 0.24  Similarly, 20 % loss on $ 1.20  = $ 20/100 × 1.20 = $ 0.20 × 1.20 = $ 0.24 Therefore, in one pipe his profit is $ 0.24 and in the other pipe his loss is $ 0.24. Since both profit and loss amount is same so, it’s broke even. Answer is: (a) im positive lol :))))

brendio

a) broke even He profited from one the same amount he lost on the other, so he would have the same amount of money he started with.

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