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? Statements: 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.

Options

A. 2 alone is sufficient while 1 alone is not sufficient.
B. Either 1 or 2 is sufficient.
C. 1 alone is sufficient while 2 alone is not sufficient.
D. Both 1 and 2 are sufficient.