Mr. James 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:	Choose the correct choice from the following choices:
A) broke even
B) lost 4 cents
C) gained 4 cents
D) lost 10 cents
E) gained 10 cents
A   broke even   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.
<result>A</result>
Mr. James 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: