If the list price of a new car was \$12,300, what was the cost of the car to the dealer? (1) The cost to the dealer was equal to 80 percent of the list price. (2) The car was sold for \$11,070, which was 12.5 percent more than the cost to the dealer.

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.