Vinay purchased two bottles for a total of ₹100, and he sells these two bottles at the rate of ₹100 per bottle. What is the overall profit percentage that Vinay had on selling the two bottles?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 100%
Given:
CP = Rs 100
SP = Rs 200
Profit = SP - CP
Profit% = (Profit/CP) × 100
Profit = 200 - 100 = Rs 100
Profit% = (100/100) × 100 = 100%