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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## All the 7 books of the fictional character series Horry tagged by: AAPL ##### This topic has 1 expert reply and 0 member replies ### Top Member ## All the 7 books of the fictional character series Horry ## Timer 00:00 ## Your Answer A B C D E ## Global Stats Difficult e-GMAT All the 7 books of the fictional character series Horry Patter are individually available at a price of$8 each. However, at the time of the launch of the 8th book, the publisher also made available the set of all 8 books together at a limited-edition price of $60 for the whole set. If the 8th book is also of the same price as previous 7, what is savings percentage for Harry, who bought the whole set together? A. 5% B. 6.25% C. 6.67% D. 7.25% E. 8% OA B. ### GMAT/MBA Expert GMAT Instructor Joined 08 Dec 2008 Posted: 12412 messages Followed by: 1244 members Upvotes: 5254 GMAT Score: 770 AAPL wrote: e-GMAT All the 7 books of the fictional character series Horry Patter are individually available at a price of$8 each. However, at the time of the launch of the 8th book, the publisher also made available the set of all 8 books together at a limited-edition price of $60 for the whole set. If the 8th book is also of the same price as previous 7, what is savings percentage for Harry, who bought the whole set together? A. 5% B. 6.25% C. 6.67% D. 7.25% E. 8% OA B. At$8 per book, the 8 books SHOULD have cost $64 (8 x$8 = $64) However, Harry bought the 8 books for$60
So, the amount Harry saved = $64 -$60 = $4 What is savings percentage for Harry, who bought the whole set together? Percent savings = 100(amount saved)/(original price) = 100(4)/64 = 100(1)/16 = 100/16 = 25/4 = 6.25% Answer: B Cheers, Brent _________________ Brent Hanneson â€“ Creator of GMATPrepNow.com Use our video course along with Sign up for our free Question of the Day emails And check out all of our free resources GMAT Prep Now's comprehensive video course can be used in conjunction with Beat The GMATâ€™s FREE 60-Day Study Guide and reach your target score in 2 months! • Free Practice Test & Review How would you score if you took the GMAT Available with Beat the GMAT members only code • Magoosh Study with Magoosh GMAT prep Available with Beat the GMAT members only code • 5-Day Free Trial 5-day free, full-access trial TTP Quant Available with Beat the GMAT members only code • Get 300+ Practice Questions 25 Video lessons and 6 Webinars for FREE Available with Beat the GMAT members only code • Free Veritas GMAT Class Experience Lesson 1 Live Free Available with Beat the GMAT members only code • FREE GMAT Exam Know how you'd score today for$0

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