If you can figure out if x or y is positive or negative, then you could solve this. I got:
(1) |x| - |y| = 5
The only thing that this tells you is that x's distance from zero is 5 units greater than y's, or;
lxl = 5 + lyl
This doesn't provide any clues as to the positivity or negativity of x or y, thus, insufficient.
(2) |x| + |y| = 11
Again, this only tells your that when you add the x's and y's distance from zero that you will be 11 units away from zero.
This does not provide any clues about whether x or y is positive.
If you combine the statements you get:
From (1), lxl = 5 + lyl, and from (2), lxl + lyl = 11, thus,
5 + lyl + lyl = 11, and thus,
2lyl = 6
lyl = 3
y= +or-3, and thus,
lxl - 3 = 5
lxl = 8
x = +or-8
There are four possible solutions. Therefore, the answer must be E.