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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 is option 'C'. Can you explain this answer?
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Gopal bought a cell phone and sold it to Ram at 10% profit. Then Ram w...
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Gopal bought a cell phone and sold it to Ram at 10% profit. Then Ram w...
's profit or loss percentage if he agrees to buy the phone back from Ram?
Let's assume that Gopal bought the cell phone for $100.
After selling it to Ram at a 10% profit, Gopal would have received $110 from Ram ($100 + 10% of $100).
If Ram sells it back to Gopal at a 10% loss, he would get $99 from Gopal ($110 - 10% of $110).
Now, let's calculate Gopal's profit or loss percentage:
- Gopal's total cost for the phone was $100.
- He received $110 from Ram, which means he made a profit of $10.
- If he buys the phone back from Ram for $99, he would have spent a total of $199 ($100 + $99).
- His revenue from selling the phone twice is $110 (from Ram) + $99 (from buying it back from Ram) = $209.
- His profit would be $209 - $100 (his original cost) = $109.
- His profit percentage would be ($109 / $100) x 100% = 109%.
Therefore, Gopal's profit percentage would be 109% if he agrees to buy the phone back from Ram.
Let's assume that Gopal bought the cell phone for $100.
After selling it to Ram at a 10% profit, Gopal would have received $110 from Ram ($100 + 10% of $100).
If Ram sells it back to Gopal at a 10% loss, he would get $99 from Gopal ($110 - 10% of $110).
Now, let's calculate Gopal's profit or loss percentage:
- Gopal's total cost for the phone was $100.
- He received $110 from Ram, which means he made a profit of $10.
- If he buys the phone back from Ram for $99, he would have spent a total of $199 ($100 + $99).
- His revenue from selling the phone twice is $110 (from Ram) + $99 (from buying it back from Ram) = $209.
- His profit would be $209 - $100 (his original cost) = $109.
- His profit percentage would be ($109 / $100) x 100% = 109%.
Therefore, Gopal's profit percentage would be 109% if he agrees to buy the phone back from Ram.
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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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer? for UPSC 2026 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer?.
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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer? for UPSC 2026 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 gainb)Loss 1%c)Gain 1%d)Gain 0.5%Correct answer is option 'C'. Can you explain this answer?.
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