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
Answers
Answer:
Step-by-step explanation:
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: (a)
Step-by-step explanation:
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!!