Solution
Given:• Adam is one among many employees of ABC ltd., who procures shoes at an average cost of $40.
• His yearly procurement budget is $19,000.
• He receives an additional budget of $3,000, if the total number of shoes sold by the company in a year exceeds 4,000 units.
To find:• Did Adam receive the additional budget amount last year?
Analysing Statement 1As per the information given in statement 1, Adam was able to procure 45 shoes on an average each month last year and he was given enough budget to procure all those shoes.
• Therefore, the total spending in the year = 45 x 40 x 12 = $21600.
As $21600 is more than $19000, he must have received the additional budget.
Hence, statement 1 is sufficient to answer.
Analysing Statement 2As per the information given in statement 2, last year, the lowest number of shoes sold by the company in a month was 377.
If we assume 377 to be the minimum for all months, then total number of shoes sold in the year = 377 x 12 = 4524
This is more than 4000, hence, he must have received the additional budget.
Hence, statement 2 is sufficient to answer.
Therefore, the correct answer is option D.
Answer: D