What was the price at which a merchant sold a certain appliance?
(1)The merchant`s gross profit on the appliance was 20 percent of the price at which the merchant sold the appliance.
(2)The price at which the merchant sold the appliance was $50 more than the merchant`s cost of the appliance.
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AStatement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
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BStatement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
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CBOTH statement TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
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DEACH statement ALONE is sufficient.
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EStatements (1) and (2) TOGETHER are NOT sufficient.