Question 435671: Mr. Lee bought two identical TV sets. He sold one at a profit of 25 % on cost and the other one at a loss of 25 % on cost. Upon sale of both television sets, did he gain, make a loss or break even?
*Please express your answer and show the whole process :)
Answer by Alan3354(69443)   (Show Source):
You can put this solution on YOUR website! Mr. Lee bought two identical TV sets. He sold one at a profit of 25 % on cost and the other one at a loss of 25 % on cost. Upon sale of both television sets, did he gain, make a loss or break even?
--------------
He paid d $ for each TV
Sold one for 1.25d, and the other for 0.75d
--> break even
|
|
|
