Car dealership

[rockeyb]

At the beginning of last year , a car dealership had 150 cars in stock , which the dealership had purchased for $20,000 each . during the same year , the dealership made only one purchase of car , What is the total amount spent by the dealership on the car it had in stock at the end of last year ?

(1) Last year , the dealership purchased 50 cars for $18,000 each .

(2) Last year , the total revenue from the sale of the car was $180,000.

Source : Kaplan.

Although the problem above has been mentioned in this post https://www.beatthegmat.com/ds-interpret ... 41016.html , but was not discussed so I have started this new thread for further discussion. Thanks for cooperating.

[reply2spg]

E is correct here

From st 1 you don't know how many cars were there by the end of the year.
From statement 2 you don't know how many cars have been purchased in the year

By combining 1 and 2 you don't know the quantity of the cars sold in the year and also what was the price of the sold car. So you can't get the answer. Therefore, E is correct.

At the beginning of last year , a car dealership had 150 cars in stock , which the dealership had purchased for $20,000 each . during the same year , the dealership made only one purchase of car , What is the total amount spent by the dealership on the car it had in stock at the end of last year ?

(1) Last year , the dealership purchased 50 cars for $18,000 each .

(2) Last year , the total revenue from the sale of the car was $180,000.

Source : Kaplan.

Although the problem above has been mentioned in this post https://www.beatthegmat.com/ds-interpret ... 41016.html , but was not discussed so I have started this new thread for further discussion. Thanks for cooperating.