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Discussion :: Profit and Loss

  1. 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:
    2. A.
    no profit, no loss
    B.
    20% profit
    C.
    less than 20% profit
    D.
    more than 20% profit

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    Answer : Option D

    Explanation :

    Let the article be worth Rs. x.

    C.P. 90% of Rs. x = Rs. 9x/10

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