A man buys an article for 16% less than its value and sells it for 16% more than its value. His gain or loss percent is:  Answers.
A) no profit, no loss	B) 20% profit	C) less than 35% profit	D) more than 35% profit	E) None
Let the article be worth Rs. x.   C.P. 84% of Rs. x = Rs. 84x/100   S.P. = 116% of Rs. x = Rs. 116x/100   Gain = (116x/100 - 84x/100) = Rs. 8x/25   Gain % = 8x/25 * 100/84x * 100 = 38 2/21 % &gt; 35%   ANSWER:more than 35% profit
<result>D</result>
A man buys an article for 16% less than its value and sells it for 16% more than its value. His gain or loss percent is: