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?
Vinay purchased two bottles for a total of ₹100.
Total cost price of two bottles = ₹100 Eq.(i)
he sells these two bottles at the rate of ₹100 per bottle.
Total selling price of two bottles = ₹$$100\times2$$ = ₹200 Eq.(ii)
Overall profit percentage that Vinay had on selling the two bottles = $$\frac{\left(Eq.(ii)-Eq.(i)\right)}{Eq.(i)}\times100$$
= $$\frac{\left(200-100\right)}{100}\times100$$
= $$\frac{100}{100}\times100$$
= 100%
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