A man buys an article for 10% less than its value and sells it for 10% – InterviewSolution

InterviewSolution

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:

Answer»

less than 20% profit

Let the article be WORTH Rs. X.

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

S.P. = 110% of Rs. x = Rs. 11x/10

Gain = (11x/10 - 9x/10) = Rs. x/5

Gain % = x/5 * 10/9x * 100 = 22 2/9 % > 20%

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