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

  • A lost heavily
  • B made profit
  • C neither lost nor gained
  • D had no money to continue business
  • E were heavily indebted to our bankers
jamb 1978english-language

The correct answer is E. were heavily indebted to our bankers

The phrase “broke even” means that the company neither made a profit nor incurred a loss.

Therefore, the option that best conveys the meaning of the underlined portion is neither lost nor gained.

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