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15 May, 22:30

A clothing dealer sold two shirts at 12$ each. On one he made a profit of $20; on the other he lost $20. How many dollars did he lose on the two sales combined?

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  1. 16 May, 02:18
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    0 (his combined loss is zero)

    Explanation:

    Given a profit of $20 on the sale of the first shirt,

    and a loss of $20 (the same amount) on the sale of the second shirt,

    The combined loss = $20 + (-$20)

    = $0.

    So long as the absolute values of the profit and loss are equal, the combined effect will be zero. However, selling a cloth at $12 and making a profit of $20 (a higher figure than the sales amount) is highly doubtful. This will nevertheless not affect the combined effect of an equal amount of profit and loss.
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