Mr. Jones sold two pipes at $1.20 each. Based on thecost, his profit one was 20% and his loss on the

Mr. Jones sold two pipes at $1.20 each. Based on thecost, his profit one was 20% and his loss on the other was 20%. Onthe sale of the pipes, he: (a) broke even, (b) lost 4 cents, (c) gained 4 cents, (d) lost 10cents, (e) gained 10 cents . . .

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