Question

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?

Answer 1

Solution:

Imagine Gopal bought the cell phone for Rs.100 and he got the 10% profit on selling it to Ram. So the sold price here will be Rs.100.

When Ram sells the same cell phone for 10% loss,  the price amount gopal spent here will be 99 rs to bought the cell phone. So now Gopal gain is 1%.