Can someone explain me this bit operation code

Question

n1 = input("Binary n1: ")
n2 = input("Binary n2: ")
print()

n1 = int(n1, 2)
n2 = int(n2, 2)

bit_or = n1 | n2
bit_and = n1 & n2
bit_xor = n1 ^ n2

bit_or = bin(bit_or)
bit_and = bin(bit_and)
bit_xor = bin(bit_xor)

print(" n1: %10s" % bin(n1))
print(" n2: %10s" % bin(n2))
print(" ------------")
print(" OR: %10s" % bit_or)
print("AND: %10s" % bit_and)
print("XOR: %10s" % bit_xor)

Answer 1

It takes two binary numbers ,say for example
0b111
0b111
Converts them into integers

7
7
Then perform binary operations like binary or ,and,XOR on them
which results in

7
7
0

and then converts these integers back into binary numbers
0b111
0b111
0b0

Answer 2

Adding to Abhay's answer. If you are not aware of bitwise operations, these will help

https://www.sololearn.com/learn/4073/?ref=app
https://www.sololearn.com/learn/4072/?ref=app
https://www.sololearn.com/learn/4074/?ref=app