At a certain clothing store, customers who buy 2 shirts pay the regular price for the first shirt and a discounted price for the second shirt. The store makes the same profit from the sale of 2 shirts that it makes from the sale of 1 shirt at the regular price. For a customer who buys 2 shirts, what is the discounted price of the second shirt?
1. The regular price of each of the 2 shirts the customer buys at the clothing store is $16.
2. The cost to the clothing store of each of the 2 shirts the customer buys is $12.
A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are not sufficient.
Correct Answer: B
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