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A question is followed by two statements. Decide which of the given statements is sufficient to answer the question. What is the percentage increase in the profit of Company X in 2016 with respect to that in 2014? Statements: 1. Company profit in 2014 was Rs. 1 lakh, which is 10% more than that m 2015. 2. Company profit in 2016 was Rs. 2 lakh, which was Rs. 1 lakh more than that in 2014.

A question is followed by two statements. Decide which of the given statements is sufficient to answer the question. What is the percentage increase in the profit of Company X in 2016 with respect to that in 2014? Statements: 1. Company profit in 2014 was Rs. 1 lakh, which is 10% more than that m 2015. 2. Company profit in 2016 was Rs. 2 lakh, which was Rs. 1 lakh more than that in 2014. Correct Answer <font style="vertical-align: inherit;"><font style="vertical-align: inherit;">2 alone is sufficient while 1 alone is not sufficient.</font></font>

Statement 1:

Company profit in 2014 was Rs. 1 lakh, which is 10% more than that m 2015,

Since we don't have any idea about the year 2016, so profit in year 2016 can-not be calculated.

Statement 2:

Company profit in 2016 was Rs. 2 lakh, which was Rs. 1 lakh more than that in 2014,

As we have a relation of profit in 2016 with respect to year 2014, so increase in profit percentage can be calculated.

Statement 2 alone is sufficient while statement 1 alone is not sufficient.

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