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Bunuel
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Let actual cost price = C
Let actual selling price = S
Actual profit = S − C

Statement (1)
New profit = (S + 24) − C = (S − C) + 24
So
(S − C) + 24 = 2(S − C)
24 = S − C
Actual profit = $24
But cost price C is unknown, so profit % = 24/C cannot be determined.
NOT sufficient

Statement (2)

New selling price = 3S
New profit = 3S − C
So
3S − C = 4(S − C)
3S − C = 4S − 4C
3C = S

Actual profit = S − C = 2C
Profit % = (2C / C) × 100 = 200%
Sufficient

Answer: B

Bunuel
A reseller bought a vintage floor lamp at a weekend flea market and later sold it online. What was the reseller’s profit percentage?

(1) If the reseller had sold the lamp for $24 more than the actual selling price, the profit would have been 100% greater than the actual profit

(2) If the reseller had sold the lamp for three times the actual selling price, the profit would have been 300% greater than the actual profit.

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