Quote:
Originally Posted by nairpraveenk
Last Friday a certain shop sold 3/4 of the sweaters in its inventory. Each sweater sold or $20. What was the total revenue last Friday from the sale of these sweaters?
(1) When the shop opened last Friday, there were 160 sweaters in its inventory.
(2) All but 40 sweaters in the shop’s inventory were sold last Friday.
A Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D EACH Statement ALONE is sufficient.
E Statements (1) and (2) TOGETHER are NOT sufficient.
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Answer choice would be (D )
Given: 3/4 sweaters sold. Each for 20$
Analysis:
Using option 1 )
There were 160 sweaters initially.
3/4 of 160 = 120. Thus revenue = 120 * 20 = 2400$
Using option 2 )
All but 40 sweaters in the shop’s inventory were sold
i.e X/4 = 40 thus x = 160
3/4 of 160 = 120
Thus each alone can provide an answer.!!