THE CORRECT ANSWER IS (C). STATEMENT (1) ALONE PROVIDES NO INFORMA...

37. The correct answer is (C). Statement (1) alone provides no information about actual

price. Statement (2) alone provides no information about the change in price. Together,

however, the two statements establish that the price was $2.10 on January 1, and, with

this information, you can determine the percent decrease. (The answer to the question

is the percent equivalent of the fraction

20