A man buys an article for 12% less than its value and sells it for 12% more than its value. His gain or loss percent is:  Choices
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. 88% of Rs. x = Rs. 88x/100   S.P. = 112% of Rs. x = Rs. 112x/100   Gain = (112x/100 - 88x/100) = Rs.6x/25   Gain % = 6x/25 * 100/88x * 100 = 27 3/11 % &gt; 25%   ANSWER:more than 25% profit
<result>D</result>
A man buys an article for 12% less than its value and sells it for 12% more than its value. His gain or loss percent is: