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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:
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1
Answer:
Cost are $1 and $1.5
Step-by-step explanation:
Let the cost of pipe sold on profit be x
Let the cost of pipe sold on loss be y
Given
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- Mr. Jones sold two pipes at Rs. 1.20 each. Based on the cost his profit on one was 20% and his loss on the other was 20%. On the sale of the pipes, he :
- For 1st pipes,
- SP (selling price) = 1.20
- Profit = 20%
- He suffered 10 paise loss.
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