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If a subscription for 10 issues of a magazine costs $24.00

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by BTGmoderatorLU » Fri Apr 12, 2019 7:26 pm

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Answers

A

B

C

D

E

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Difficulty—

Source: GMAT Paper Tests

If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20 percent of the cover prices, what is the cover price per issue?

A. $1.98
B. $2.40
C. $2.80
D. $2.86
E. $3.00

The OA is E
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by ceilidh.erickson » Sat Apr 13, 2019 4:54 pm
If 10 issues cost $24, that represents an individual cost of $2.40 each.

If $2.40 is 20% less than the cover price x, then:
$$2.40=\left(0.8\right)x$$
$$2.40=\left(\frac{4}{5}\right)x$$
$$2.40\left(\frac{5}{4}\right)=x$$
$$0.60\left(5\right)=x$$
$$3.00=x$$

The answer is E.
Ceilidh Erickson
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