At the beginning of last month, a stationery store had in stock 250 writing pads, which had cost the store $0.75 each. During the same month, the store made only one purchase of writing pads. What was the total amount spent by the store on the writing pads it had in stock at the end of last month?
1. last month the store purchased 150 writing pads for $0.80
2. last month the total revenue from the sale of writing pads was $180
The OA for this is E. But Can someone explain to me why it can't be A?
Jonny is right........In order to know cost of the pads in stock, we need to know how many notepads were sold and their costs.
1. Does not reveal how many note pads were sold.
2. Revenue was $180 but how many of these sold were bought at $0.75 and how many were bought from the one time purchase?
1+2. Still doesn't tell us how many were sold from the original stock or the one time purchase.
Therefore the answer is E