Given:Price per basic planner: €8
Price per deluxe planner: €11
Question: Number of total planners sold?
Statement 1:
The average (arithmetic mean) selling price per planner was 9 euros.Let quantity of basic planners and deluxe planners sold be
B and
D.
Avg price = Total Revenue / Total Quantity
9 = [(8 x B)+(11 x D)] / (B + D)
9(B + D) = 8B + 11D
Solved further, we get
B = 2D
We get a ratio of basic planners to deluxe planners to be
2:1. But we don't get know if they sold 3 planners or 3,000 planners.
Statement 1 is
Not Sufficient.
Statement 2:
The number of basic planners sold was twice the number of deluxe planners sold.Only the ratio of planners sold which has been calculated above is mentioned here, i.e.
2:1. Still no data on the quantity of planners sold.
Statement 2 is
Not Sufficient.
Considering Statement 1 & 2 together,
Both statments tell exactly same thing, i.e.
2:1. No new information is provided related to the quantity of planners sold after combining statements.
Combining Statements 1 & 2 is
Not Sufficient.
Correct answer is
E.