For the following questions answer them individually
A question is given followed by two statements. Decide which of the given statements is sufficient to answer the question.
What is the percentage increase in profit of Company X in 2016 with respect to that in 2014?
1. Company profit in 2014 was ₹ 1 lakh, which is 10% more than that in 2015.
2. Company profit in 2016 was ₹ 2 lakh, which was ₹ 1 lakh more than that in 2014.