MathDB

2

Part of 1956 AMC 12/AHSME

Problems(1)

Mr. Jones' Pipes

Source:

2/14/2009
Mr. Jones sold two pipes at $1.20 \$ 1.20 each. Based on the cost, his profit one was 20% 20 \% and his loss on the other was 20% 20 \%. On the sale of the pipes, he: <spanclass=′latex−bold′>(A)</span> broke even<spanclass=′latex−bold′>(B)</span> lost 4 cents<spanclass=′latex−bold′>(C)</span> gained 4 cents<spanclass=′latex−bold′>(D)</span> lost 10 cents<spanclass=′latex−bold′>(E)</span> gained 10 cents <span class='latex-bold'>(A)</span>\ \text{broke even} \qquad<span class='latex-bold'>(B)</span>\ \text{lost } 4\text{ cents} \qquad<span class='latex-bold'>(C)</span>\ \text{gained } 4\text{ cents} \qquad<span class='latex-bold'>(D)</span>\ \text{lost } 10 \text{ cents} \qquad<span class='latex-bold'>(E)</span>\ \text{gained } 10 \text{ cents}