The inflation index for the year 1989 relative to the year 1970 was 3.56, indicating that, on the average, for each dollar spent in 1970 for goods, $3.56 had to be spent for the same goods in 1989. If the price of a Model K mixer increased precisely according to the inflation index, what was the price of the mixer in 1970 ? (1) The price of the Model K mixer was $102.40 more in 1989 than in 1970. (2) The price of the Model K mixer was $142.40 in 1989.
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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