BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

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

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2505
Joined: Sun Oct 15, 2017 1:50 pm
Followed by:6 members

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

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

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

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
Top
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 2095
Joined: Tue Dec 04, 2012 3:22 pm
Thanked: 1443 times
Followed by:247 members

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
EdM in Mind, Brain, and Education
Harvard Graduate School of Education
Top
Post new topic Post Reply
• Page 1 of 1