Answer:
k = -10
Step-by-step explanation:
Solution:
<span>20 % profit on $ 1.20 </span>
= $ 20/100 × 1.20
= $ 0.20 × 1.20
<span>= $ 0.24 </span>
<span>Similarly, 20 % loss on $ 1.20 </span>
= $ 20/100 × 1.20
= $ 0.20 × 1.20
= $ 0.24
Therefore, in one pipe his profit is $ 0.24 and in the other pipe his loss is $ 0.24.
Since both profit and loss amount is same so, it’s broke even.
<span>Answer: (a)</span>
