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word problem

by sud21 » Thu Jan 12, 2012 4:33 am
A company get a 50000 dollar contract of a project, the project only cost labor and material, is the profit larger than 15000?
1).Labor cost is twice the cost of material
2).Profit is larger than Labor cost
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Source: — Data Sufficiency |
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by sud21 » Sun Jan 29, 2012 10:59 pm
Revenue =50000

St.(1) labor = 2x and material x. Cost= 2x+x=3x. Nothing mentioned about the amount incurred. Not sufficient.

St.(2) We don't know by what amount profit is larger than labor cost. Also apart from labor we have material, we have to take both into account while considering profit.

Together, we can't determine without any incurred amount.

Ans. E
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