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.
1
1 alone is sufficient while 2 alone is not sufficient.
2
Both 1 and 2 are sufficient.
3
2 alone is sufficient while 1 alone is not sufficient.
4
Either 1 or 2 is sufficient.