SOLUTION: Mr Lee bought two identical television sets.He sold one at a profit of 25% on cost and the other one at a loss of 25% on cost. Upon the sale of both television sets, did he gain, m

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Mr Lee bought two identical television sets.He sold one at a profit of 25% on cost and the other one at a loss of 25% on cost. Upon the sale of both television sets, did he gain, m      Log On


   

Question 1102321: Mr Lee bought two identical television sets.He sold one at a profit of 25% on cost and the other one at a loss of 25% on cost. Upon the sale of both television sets, did he gain, make a loss or break even?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
He paid D dollars each, --> 2D
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He got 0.75D + 1.25D = 2D