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

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AAPL: Moderator; Posts: 2599; Joined: Sun Oct 29, 2017 2:08 pm; Followed by:2 members

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

by AAPL » Mon Nov 11, 2019 11:46 am

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

OA E

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Source: Beat The GMAT — Problem Solving | Mon Nov 11, 2019 11:46 am

deloitte247: Legendary Member; Posts: 2214; Joined: Fri Mar 02, 2018 2:22 pm; Followed by:5 members

by deloitte247 » Fri Nov 15, 2019 12:58 pm

If 10 issues of a magazine = $24
$$Then\ 1\ issue=\frac{$24\cdot1}{10}=$2.4$$
Note: there is a 20% saving on cover prices. Thus means that 1 tissue will have 80% of cover price.
Left cover price = C
$2.4 = 80% of C
$2.4 = 0.8 * C
C = $2.4/0.8 = $3

Answer - option E

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Scott@TargetTestPrep: GMAT Instructor; Posts: 8085; Joined: Sat Apr 25, 2015 10:56 am; Location: Los Angeles, CA; Thanked: 43 times; Followed by:29 members

by Scott@TargetTestPrep » Tue Nov 19, 2019 6:13 pm

AAPL wrote: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

OA E

We can create the following equation in which n = full cost for 10 issues of the magazine:

24 = 0.8n

240/8 = n

30 = n

So, the regular cost per issue is 30/10 = $3.00.

Answer: E

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