I'll try to outline my thought process on this one when I just tried it for the first time. The solution above is great, so I won't rewrite it - but here are the actual steps I took in order to get this one in 2 minutes.
1. Thought: this is asking whether the sum of the units digits is
at least two more than the sum of the tens digits. That means that a case like 129 + 348 would give us a 'yes', since 9+8 is much larger than 2+4. A case like '111+111' would give us a 'no', since 1+1 and 1+1 are the same.
2. Go to statement 1. If the tens digit of P is greater than the sum of the tens digits of M and N, that means that something must have been 'carried over' from the units place when we did the addition. If nothing was carried over, that'd mean the tens digit of P would be
equal to the sum of the tens digits of M and N.
3. What does it tell us, if something was carried over? That just means that the sum of the units digits was 10 or higher.
4. Okay, it seems pretty simple to find a case where the sum of the units digits is much higher than the sum of the tens digits, then. We'll just make the units digits as large as possible, and the tens digits as small as possible.
A case like that would give us a 'yes', so now we need a 'no'. The trick is going to be finding a case where the sum of the units digits
isn't at least two higher than the sum of the tens digits.
5. Can we come up with a case where the sum of the units digits is just
one higher than the sum of the tens digits? That would give us a 'no'. Suppose that the sum of the units digits is 10, and the sum of the tens digits is 9. In that case, we'd carry over a 1, add it to 9, and end up with P having a tens digit of... 0. Uh-oh. It's no longer greater than the sum of M and N's tens digits, so we just disobeyed the statement. That's an invalid case.
What if the sum of the units digits is 17, and the sum of the tens digits is 16? Wait, that wouldn't work either. If the sum of the tens digits is that large, then the actual tens digit of P wouldn't be greater than the sum of the tens digits of M and N. For instance, if the sum of the tens digits of M and N was 16, like in this case, the tens digit of P would be 6 or 7, which is much smaller than 16. Okay, so the case where the sums are 9 and 10 didn't work, and the case where the sums are bigger than that doesn't work either. There's no good case at all, so this statement seems sufficient.
At this point, I wrote 'AD/BCE' on my paper and crossed off B, C, and E.
6. On to statement 2. This looks simpler, so I'm going to try cases. It seems like what we really care about is whether the sum of the units digits is greater than 10 - that affects whether a 1 gets 'carried over'. So, I'll try a really simple case first: 111 + 111 = 222. That case gives us an answer of 'no'.
Note: At this point, I could actually stop. That's because the statements, in a real GMAT problem, will never directly contradict each other. It's actually impossible to have one sufficient statement that gives you a 'yes', and another sufficient statement that gives you a 'no'. So, the second statement must be insufficient! But, I'm going to keep going just to illustrate the rest of the problem.7. Now, I want a case where the sum of the units digits is big, and the sum of the tens digits is small. Suppose the units digits sum to 16, like 8+8. Then the units digit of P would be 6. Can we make the tens digit of P equal to 6, also, to fulfill the statement? Yeah, by making the tens digits of M and N equal to 3 and 2, so that adding the 1 that gets carried over gives us 6.
At this point, I jotted this down on my paper, to double check:
_ 3 8
_ 2 8
_ 6 6
8+8 is at least two greater than 3+2, so we have our 'yes' case, and the statement is insufficient. Cross off D and pick A!