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:________?
Q1. 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:________?
Answer: More than 20% profit
Explanation: Buying at 90% of value and selling at 110% gives profit = 20/90 × 100 = 22.2%, which is more than 20%.