Question :-
★Moderator
★Brianly stars
★Maths aryabhatta
★Other best users
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:
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:
mark me as brainliest and thank me if the answer is useful.
Step-by-step explanation:
Selling price of the first pipe = $1.20
Profit = 20%
Let’s try to find the cost price of the first pipe
CP = Selling price - Profit
CP = 1.20 - 20% of CP
CP = 1.20 - 0.20CP
CP + 0.20CP = 1.20
1.20CP = 1.20
CP = 1.201.20
CP = $ 1
Selling price of the Second pipe = $1.20
Loss = 20%
Let’s try to find the cost price of the second pipe
CP = Selling price + Loss
CP = 1.20 + 20% of CP
CP = 1.20 + 0.20CP
CP - 0.20CP = 1.20
0.80CP = 1.20
CP = 1.200.80
CP = $1.50
Therefore, total cost price of the two pipes = $1.00 + $1.50 = $2.50 And total selling price of the two pipes = $1.20 + $1.20 = $2.40
Loss = $2.50 – $2.40 = $0.10
Therefore, Mr. Jones loss 10 cents.