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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
Answered by
17
Ok let's assume the price of one pipe is x
Let's assume C.P of pipe on which loss was incurred is y
So we can see the loss occurred on y is 30 cents and profit occurred on x is 20 cents
So overall loss : 10 cents
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Answered by
7
For 1st pipes, S.P =1.20 , profit =20 %
C.P=S.P−profit
CP=1.20−20%×CP
∴120% CP=1.20
∴CP= ×100
∴CP¹ =1.00
For 2nd =s.p+loss
CP=1.20+200 % CP
∴80% CP=1.20
∴CP= ×100
=1.50
∴ Total CP=1.00+1.50=2.50
Total SP=1.20+1.20=2.40
∴ He suffered 10 cents loss.
Answer : (d) lost 10 cents
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