Step 1: Understanding the Concept:
This Data Sufficiency question asks for a specific numerical value of \(y\). We need to determine if the statements provide enough information to solve for \(y\).
Step 2: Detailed Explanation:
Analyze Statement (1):
"y is 20% greater than x." We can write this as an equation:
\[ y = x + 0.20x \]
\[ y = 1.2x \]
This is one equation with two unknown variables, so we cannot find a unique value for \(y\). Statement (1) is not sufficient.
Analyze Statement (2):
"x + y = 55."
This is also one equation with two unknown variables. It is not sufficient to solve for \(y\).
Analyze Statements (1) and (2) Together:
We now have a system of two distinct linear equations with two variables:
1) \(y = 1.2x\)
2) \(x + y = 55\)
We can solve this system. Substitute the expression for \(y\) from the first equation into the second equation:
\[ x + (1.2x) = 55 \]
\[ 2.2x = 55 \]
\[ x = \frac{55}{2.2} = \frac{550}{22} = 25 \]
Now that we have the value of \(x\), we can find \(y\):
\[ y = 1.2 \times 25 = 30 \]
Since we found a unique value for \(y\), the combination of both statements is sufficient.
Step 3: Final Answer:
Neither statement is sufficient alone, but together they are sufficient. This corresponds to option (C).