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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`
2 years ago

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13 Points
```							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= \$ 0.24Therefore, 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)
```
2 years ago
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### Course Features

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### Course Features

• 731 Video Lectures
• Revision Notes
• Test paper with Video Solution
• Mind Map
• Study Planner
• NCERT Solutions
• Discussion Forum
• Previous Year Exam Questions