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?

The correct option is Gain 1%.

Let us break down the transactions step-by-step to understand Gopal's overall financial position.

Step 1: Initial Purchase by Gopal
Let the initial cost price (CP) of the cell phone for Gopal be Rs 100.

Step 2: Sale from Gopal to Ram
Gopal sells the cell phone to Ram at a profit of 10%.
Selling Price (SP) for Gopal = Cost Price + Profit
$\text{SP for Gopal}=100+(10\%\text{of}100)=100+10=\text{Rs}110$

At this stage, Gopal has received Rs 110, so he has a gain of Rs 10.

Step 3: Sale back from Ram to Gopal
The cost price for Ram is Rs 110.
Ram sells it back to Gopal at a loss of 10%.
Selling Price for Ram (which is the new buying price for Gopal) = Cost Price for Ram - Loss
$\text{Loss for Ram}=10\%\text{of}110=\frac{10}{100}\times 110=\text{Rs}11$

$\text{New Price paid by Gopal}=110-11=\text{Rs}99$

Step 4: Calculate Gopal's Overall Gain or Loss
Initially, Gopal had a phone worth Rs 100.
After the transactions, Gopal has the same phone back, but let's check his net cash flow:
Money received when selling to Ram = +Rs 110
Money spent when buying back from Ram = -Rs 99
Net money retained by Gopal = $110-99=\text{Rs}1$

Since Gopal bought back his original phone and kept an extra Rs 1 on his original outlay of Rs 100, his net percentage gain is:
$\text{Gain \%}=\left(\frac{1}{100}\right)\times 100=1\%$

Thus, Gopal will be in a position of Gain 1%.