Consider this code:
x = 1 # 0001
x << 2 # Shift left 2 bits: 0100
# Result: 4
x | 2 # Bitwise OR: 0011
# Result: 3
x & 1
To flip bits (i.e. 1's complement/invert) you can do the following:
Since value ExORed with all 1s results into inversion, for a given bit width you can use ExOR to invert them.
In Binary
a=1010 --> this is 0xA or decimal 10
then
c = 1111 ^ a = 0101 --> this is 0xF or decimal 15
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In Python
a=10
b=15
c = a ^ b --> 0101
print(bin(c)) # gives '0b101'