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?
Answer & explanation
Correct answer: option 2
Vinay purchased two bottles for a total of 100.
Total cost price of two bottles = 100
he sells these two bottles at the rate of 100 per bottle.
Total selling price of two bottles = 100 × 2 = 200
Overall profit percentage that Vinay had on selling the two bottles =
= \(\frac{200 - 100}{100}\) × 100 = 100%