JAMB - English Language (1978 - No. 10)

Choose the option that best conveys the meaning of the underlined portion in the following sentence;
The balance sheet at the end of the business year shows that we broke even
lost heavily
made profit
neither lost nor gained
had no money to continue business
were heavily indebted to our bankers

Explanation

"broke even" is a popular idiom in business that means to have no profit or loss at the end of the business activity.

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