What do you understand by the term variable valency?
Variable Valency: In the case of the atoms of transition elements, ions formed after the loss of valency electrons do not possess a stable core as the configuration of the outermost shell is not but. This shell generally loses one or more electrons giving rise to metal ions of higher valencies.
The transition elements show variable valency involving valence electrons and d-electrons of the penultimate energy shell. The common valence of transition metals is either 2 or 3.