GMAT Practice Question Set #14 (Question 40-42)

Data Sufficiency Question #42: Engineering Project Contract  
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A geotechnical engineering firm submitted a project bid of half a million dollars for a major construction project and has now won the contract. Given the only expenses for the project will be labor and materials, will the company generate a profit in excess of $150,000?

(1) The cost for materials accounted for one third of the company's total cost.

(2) The cost of labor was less than the company's profit.

(A)

Statement 1 alone is sufficient but statement 2 alone is not sufficient to answer the question asked.

(B)

Statement 2 alone is sufficient but statement 1 alone is not sufficient to answer the question asked.

(C)

Both statements 1 and 2 together are sufficient to answer the question but neither statement is sufficient alone.

(D)

Each statement alone is sufficient to answer the question.

(E)

Statements 1 and 2 are not sufficient to answer the question asked and additional data is needed to answer the statements.

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