An antique dealer bought a coffee table that was then sold for a profit. What was the selling price of the coffee table?

(1) The dealer's cost for the coffee table was $340.
(2) The dealer's gross profit on the coffee table was 15% of the selling price.


Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

EACH statement ALONE is sufficient.

Statements (1) and (2) TOGETHER are NOT sufficient.

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Prep2007E2-DS