Gopal bought a cell phone and sold it to Ram at 10% profit. Then Ram wanted to sell it back to Gopal at 10% loss. What will be Gopal's position if he agreed?
A
Neither loss nor gain
B
Loss 1%
C
Gain 1%
D
Gain 0·5%
Correct Answer: Option C
Explanation
1. **Initialize**: Let's assume the Cost Price (CP) of the cell phone for Gopal was 100. [27]
2. **First Leg (Gopal to Ram)**: Gopal sells at 10% profit. Selling Price = $100 + 10 = 110$. Ram buys at 110.
3. **Second Leg (Ram to Gopal)**: Ram wants to sel