Bunuel wrote:
A retailer buys t-shirts from a wholesaler in lots of 25 t-shirts each. What is the wholesale price of a lot of t-shirts?
(1) The retailer sells a single t-shirt for $4.80.
(2) The retailer sells t-shirts at 20 percent above the wholesale price.
Question: Wholesale price of lot = ?Statement 1: The retailer sells a single t-shirt for $4.80.
This is the selling price and not the cost price hence
NOT SUFFICIENT
Statement 2: The retailer sells t-shirts at 20 percent above the wholesale price.
Since we don't know the selling price which is pivotal for calculation of wholesale price as per given information therefore,
NOT SUFFICIENT
COmbining the statementsSelling Price = $4.8 = 1.2*Wholesale price
so we have wholesale price now hence
SUFFICIENTAnswer: Option C
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