A man buys an article for 10 % less than its value and sells it for 10 % more than its value. His ga

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7.Profit and Loss

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A man buys an article for $10 \%$ less than its value and sells it for $10 \%$ more than its value. His gain or loss percent is

A

No profit, no loss

B

$20 \%$ profit

C

Less than $20 \%$ profit

D

More than $20 \%$ profit

Solution

Gain or $\operatorname{loss} \%=\frac{(1.1-0.9)}{0.9} \times 100=\frac{1100-900}{9}=\frac{200}{9}=22 \frac{2}{9} \%$

more than $20 \%$ profit

Standard 13

Quantitative Aptitude

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