If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
OA is B.
I applied the following concept. Pls let me know where I did I go wrong?
According to the Question stem, Jim earns x dollars per hour and if he works 4 hours he earns exactly enough to purchase the jacket. That means the jacket costs 4x dollars. Similarly Tom earns y dollars per hour and it will take him 5 hours to earn enough money for the jacket, which means the cost of jacket is 5y. As in both the cases it is the same jacket, hence 4x=5y.
And with this equation, I can get an answer with both 1 and 2. Hence according to me, the answer should have been D.