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A question is given followed by two statements. Decide which of the given statements is sufficient to answer the question.
What is the percentage increase in profit of Company X in 2016 with respect to that in 2014?
Statements:
1. Company profit in 2014 was ₹ 1 lakh, which is 10% more than that in 2015.
2. Company profit in 2016 was ₹ 2 lakh, which was ₹ 1 lakh more than that in 2014.
Statement 1 : It is only mentioned that Company profit in 2014 was ₹ 1 lakh, which is 10% more than that in 2015. The actual figure for 2015 was not given , also there is no information provided for 2016 profit.
Statement 2 :
2016 Profit = 2 Lakh
2014 profit - 1Lakh
So , % increase can be calculated .
So , the answer would be option c)2 alone is sufficient while 1 alone is not sufficient.
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