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:	Choices
A) broke even  B) lost 4 cents  C) gained 4 cents  D) lost 10 cents  E) gained 10 cents
20 % profit on $ 1.20   = $ 20/100 * 1.20   = $ 0.20 * 1.20= 
<gadget id="calculator">0.20 * 1.20</gadget>
<output>0.24</output>
$ 0.24   Similarly, 20 % loss on $ 1.20= $ 20/100 * 1.20   = $ 0.20 *1.20= 
<gadget id="calculator">0.20 *1.20</gadget>
<output>0.24</output>
$ 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.   correct answer broke even
<result>A</result>
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: