Mathematics
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Medium
Question
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
✓ Official correct answer
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A
no profit, no loss
No member explanations yet for this option.
B
20% profit
No member explanations yet for this option.
C
less than 20% profit
No member explanations yet for this option.
D
more than 20% profit
No member explanations yet for this option.
Explanation
If value = 100, buy at 90 and sell at 110 → profit 20/90 ≈ 22.22%, i.e. more than 20% profit.