At the beginning of last year, a furniture store had 75 armchairs in

Question

At the beginning of last year, a furniture store had 75 armchairs in stock, which had cost the store $600 each. During the same year, the store purchased a number of additional armchairs. What is the total amount spent by the store on the armchairs it had in stock at the end of last year?

(1) Last year, the store purchased 30 armchairs for $500 each. 
 (2) Last year, the total revenue from the sale of armchairs was $16,500.

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Shwarma · Answer

Option A
 
Qs: (75+600)+ (x*$) =??

1. x= 30 $= 500 --> sufficient
2. Revenue= 16500 --> but we don't know the SP to calculate the number and either way we don't know if all was sold, so --> insufficient

EshaFatim · Answer

In my opinion option E.

Cause it asked how many chairs the store  had in stock at the  end of the year   .

At the beginning, it had some in stock. and later in statement 1, they say that the store purchased 30 more. But I couldn't see any clue of leftover stock at the end of the day, guessing that the store must have sold some.

Now in statement 2, it says that total revenue was $16,500. However it doesn't  entail the revenue came from selling how many chairs or what the unit price was . So the number seems pretty much useless.

Mixing both the statements together didn't give me any clue either as no option talks about total sales to calculate the leftover stock at the end of last year.

So  option E  IMO.

Abdelaali91 · Answer

I beleive the question is about the  total amount spent by the store on the armchairs it had in stock.
1/ alone is sufficient but 2/ alone is not.
So answer A.

Krunaal · Answer

Statement 1

We don't know the no. of armchairs the store had in stock at the end of the last year.  INSUFFICIENT

Statement 2

Same problem, we don't know the no. of armchairs the store had in stock at the end of the last year.  INSUFFICIENT

Both together

Maybe the store sold 1 chair for $16,500, or maybe they sold 100. We don't know the no. of armchairs the store had in stock at the end of the last year.  INSUFFICIENT

Answer E.

chai9944 · Answer

Wow, this question is some trap, normally I have seen people going AD/BCE, and once the first statement goes correct, people simply strike off B,C and E. This question is such a trap, even after you get the first statement right, the answer lies in E. Such a trap question this is!!!

At the beginning of last year, a furniture store had 75 armchairs in

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GMAT Data Sufficiency (DS) Questions

At the beginning of last year, a furniture store had 75 armchairs in

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