This question's from Veritas Prep's textbook, but I think their answer is wrong.
At the beginning of the year, a clothing boutique had no jeans in stock. Early in the year, the boutique purchased 500 pairs of jeans, which had cost the boutique $65 each. During the same year, the boutique made only one other lot purchase of jeans. What was the total amount spent by the boutique on the jeans it had in stock at the end of the year?
1) During the year the total revenue from the sale of clothes was $250,000.
2) During the same year the boutique purchased 700 pairs of jeans for $60 each.
[spoiler]OA is E, I think it's B.[/spoiler]
At the beginning of the year, a clothing boutique had no jeans in stock. Early in the year, the boutique purchased 500 pairs of jeans, which had cost the boutique $65 each. During the same year, the boutique made only one other lot purchase of jeans. What was the total amount spent by the boutique on the jeans it had in stock at the end of the year?
1) During the year the total revenue from the sale of clothes was $250,000.
2) During the same year the boutique purchased 700 pairs of jeans for $60 each.
[spoiler]OA is E, I think it's B.[/spoiler]
