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At the beginning of a certain week, a certain gift store had 550 candles in stock, which the store had purchased for $0.25 each. If, during the week, the store made exactly one additional purchase of candles, how much did the store pay for the candles that it had in stock at the end of the week?
(1) During the week, the store's sales for candles totaled $120.
(2) During the week, the store purchased a box of 200 candles for a total of $40.00.
(1) During the week, the store's sales for candles totaled $120.
(2) During the week, the store purchased a box of 200 candles for a total of $40.00.
14 Jun 2022, 19:27
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At the beginning of a certain week, a certain gift store had 550 candles in stock, which the store had purchased for $0.25 each. If, during the week, the store made exactly one additional purchase of candles, how much did the store pay for the candles that it had in stock at the end of the week?
(1) During the week, the store's sales for candles totaled $120.
(2) During the week, the store purchased a box of 200 candles for a total of $40.00.
(1) During the week, the store's sales for candles totaled $120.
(2) During the week, the store purchased a box of 200 candles for a total of $40.00.
We start with 550 candles for which we know how much we paid (we don't have to actually do the math).
Evaluating statement (1) alone doesn't tell us how many candles we sold or whether we also bough new ones (or what those potential new ones cost). Does statement (1) alone give us enough information to answer the question? No. BCE.
Evaluating statement (2) alone, we know about some new candles that the store purchased, but we don't know whether they also bought other new candles, we don't know whether they sold any candles (how many or for how much). Does statement (2) alone give us enough information to answer the question? No. CE.
Evaluating both statements together, we still don't know whether additional candles were purchase aside from those in statement (2) and we also don't know how many candles were sold from statement (1). Do both statements together give us enough information to answer the question? No. E.
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