Question

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:

Answer 1

Hai friend,

The answer is he neither got profit nor loss

Check ☑ out the solution :-
………………………………………………………………………………………………


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.


So he got neither profit nor loss, which is called broke even

hope helped!!

Answer 2

20 % profit on $1.20=(20/100)×1.20
                                =0.2×1.2
                                =$0.24
20 % loss on $1.20=(20/100)×1.20
                              =0.2×1.2
                              =$0.24
as profit and loss is equal on the sale of the pipes he neither get profit nor loss.

Hope it helps u :-)