Answer:
(a) broke even, (b) lost 4 cents, (c) gained 4 cents, (d) lost 10 cents, (e) gained 10 cents
Selling price of the first pipe = $1.20
Profit = 20%
Let’s try to find the cost price of the first pipe
CP = Selling price - Profit
CP = 1.20 - 20% of CP
CP = 1.20 - 0.20CP
CP + 0.20CP = 1.20
1.20CP = 1.20
CP = 1.201.20
CP = $ 1
Selling price of the Second pipe = $1.20
Loss = 20%
Let’s try to find the cost price of the second pipe
CP = Selling price + Loss
CP = 1.20 + 20% of CP
CP = 1.20 + 0.20CP
CP - 0.20CP = 1.20
0.80CP = 1.20
CP = 1.200.80
CP = $1.50
Therefore, total cost price of the two pipes = $1.00 + $1.50 = $2.50
And total selling price of the two pipes = $1.20 + $1.20 = $2.40
Loss = $2.50 – $2.40 = $0.10
Therefore, Mr. Jones loss 10 cents.
Answer: (d)
4. The distance light travels in one year is approximately 5,870,000,000,000 miles. The distance light travels in 100 years is:
(a) 587 × 108 miles, (b) 587 × 1010 miles, (c) 587 × 10-10 miles, (d) 587 × 1012 miles, (e) 587 × 10-12 miles
Solution:
The distance of the light travels in 100 years is:
5,870,000,000,000 × 100 miles.
= 587,000,000,000,000 miles.
= 587 × 1012 miles.
Step-by-step explanation: