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:
<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