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puneetgrover wrote:Please help me with this problem
If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does. (2) x + y = $43.75
The amount Jim must earn to buy the jacket = (number of hours)(hourly rate) = 4x.
The amount Tom must earn to buy the jacket = (number of hours)(hourly rate) = 5y.
Since the amount is THE SAME in each case, we get:
4x = 5y.
Statement 1:
If x=10 and y=8, then the cost of the jacket = 4x = 4*10 = 40.
If x=100 and y=80, then the cost of the jacket = 4x = 4*100 = 400.
Since the cost of the jacket can be different values, INSUFFICIENT.
Statement 2:
Since we have two variables (x and y) and two distinct linear equations (4x=5y and x+y = 43.75), we can solve for x and y.
Thus, the cost of the jacket can be determined.
SUFFICIENT.
The correct answer is
B.
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