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.


OA E

Source: Princeton Review