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

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 2

1.20 + 20 - 20 
1,2 + 0,2 - 20 % 1,2 + 0,2 - 20 %
1,2 + 0,2 - 1 ⋅ 0,2 1,2 + 0,2 - 1 ⋅ 0,2
1,2 + 0,2 - 0,2 1,2 + 0,2 - 0,2
1,4 - 0,2 1,4 - 0,2
respuesta = 1,2