Last Friday a certain shop sold 3/4 of the sweaters in its inventory. Each sweater sold for $20. What was the total reve

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Last Friday a certain shop sold 3/4 of the sweaters in its inventory. Each sweater sold for $20. What was the total revenue last Friday from the sale of these sweaters?

(1) When the shop opened last Friday, there were 160 sweaters in its inventory.
(2) All but 40 sweaters in the shop’s inventory were sold last Friday.

Answer: D

Source: GMAT Paper Tests