There are 40 items in 5 rows and 8 columns. So each row has 8 items and each column has 5 items.
Xm = Average of prices of items in row "m". So, 8
Xm = Sum of prices of items in row "m". So, 8X1 + 8X2 + 8X3 + 8X4 + 8X5 = Sum of prices of all the items.
Yn = Average of prices of items in column "n". So, 5
Yn = Sum of prices of items in column "n". So, 5Y1 + 5Y2 + ... + 5Y8 = Sum of prices of all the items.
Analyzing Statement 1: X1+X2+...+X5=$850Since, X1 + X2 + X3 + X4 + X5 is given, sum of prices of all items could be calculated as explained above. Average price of all items = Sum of prices of all products/Total number of items.
So, average = 8*850/40 = $170.
Analyzing Statement 2: Y1+X2+...+Y8=$1,360Since, Y1 + Y2 + ... + Y8 is given, sum of prices of all items could be calculated as explained above. Average price of all items = Sum of prices of all products/Total number of items.
So, average = 5*1360/40 = $170.
So, each statement alone is sufficient to find the average price of all items on the rack.