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1956 AMC 12 Question 2

AMC12 · 1956 AMC 12

Question 2

Mr. Jones sold two pipes at $\$1.20$ each. Based on the cost his profit on one was $20\%$ and his loss on the other was $20\%.$ On the sale of the pipes, he:
  1. broke even
  2. lost $4$¢
  3. gained $4$¢
  4. lost $10$¢
  5. gained $10$¢