A man buys an article for 13% less than its value and sells it for 13% more than its value. His gain or loss percent is: Choose one
A) no profit, no loss B) 20% profit C) less than 25% profit D) more than 25% profit E) None
Let the article be worth Rs. x.   C.P. 87% of Rs. x = Rs. 87x/100   S.P. = 113% of Rs. x = Rs. 113x/100   Gain = (113x/100 - 87x/100) = Rs. 13x/50   Gain % = 13x/50 * 100/87x * 100 = 29 77/87 % &gt; 25%   ANSWER:more than 25% profit
<result>D</result>
A man buys an article for 13% less than its value and sells it for 13% more than its value. His gain or loss percent is: