Question 21 - Quantitative Practice Test for the GMAT

Alicia went shopping at the local mall and purchased a blouse for a generous 20% discount off the retail price. After that she went looking for a new purse. She found a black one she liked which usually sold for $75.00. Luckily the purse was on sale, so she bought that, too.
Use the reading aid to determine if there is sufficient data in the two statements below to answer this question:
Which item cost cost more, the blouse or the purse?

Statement (1) The retail price of the blouse is a 10% markup on the wholesale price.
Statement (2) The purse was marked down $20.00 from its usual price.

A) Statement (1) by itself is sufficient to answer the question, but statement (2) by itself is not. B) Statement (2) by itself is sufficient to answer the question, but statement (1) by itself is not.
C) Statements (1) and (2) taken together are sufficient to answer the question, even though neither statement by itself is sufficient. D) Statements (1) and (2) taken together are not sufficient to answer the question, requiring more data pertaining to the problem.

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