Mr. Jones sold two pipes at $2.50 each. Based on the cost, his profit one was 30% and his loss on the other was 20%. On the sale of the pipes. Find the amount of his profit or loss?	Choose the correct choice from the following choices
A) gain 0.25 cents
B) lost 4 cents
C) broke even
D) gained 4 cents
E) gained 10 cents
30 % profit on $ 2.50   = $ 30/100 × 2.50   = $ 0.30× 2.50   = $ 0.75   Similarly, 25 % loss on $ 2.50   = $ 20/100 × 2.50   = $ 0.20× 2.50   = $ 0.50   Therefore, in one pipe his profit is $ 0.75 and in the other pipe his loss is $ 0.50   So profit by amount 0.25 cents   gain 0.25 centsnswer is gain 0.25 cents.
<result>A</result>
Mr. Jones sold two pipes at $2.50 each. Based on the cost, his profit one was 30% and his loss on the other was 20%. On the sale of the pipes. Find the amount of his profit or loss?