Question : Vinay purchased two bottles for a total of INR 100, and he sells these two bottles at the rate of INR 100 per bottle. What is Vinay's overall profit percentage on selling the two bottles?
Option 1: 50%
Option 2: 100%
Option 3: 200%
Option 4: 80%
Correct Answer: 100%
Solution :
Profit = SP - CP where
SP is Selling Price
CP is the Cost Price
Profit Percentage = $\frac{Profit}{CP}$×100%
According to the question,
CP of two bottles = Rs.100
SP of each bottle = Rs.100
SP of two bottles = Rs. 200
Profit = SP - CP = 200 - 100 = 100
⇒ Profit% = $\frac{100}{100}$×100 = 100%
Hence, the correct answer is 100%.
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