Target Test Prep's 2024 GMAT Focus Edition prep is discounted for the BTG community!

Redeem
Target Test Prep
5-Day Free Trial
5-day free, full-access trial TTP

Available with Beat the GMAT members only code

MORE DETAILS
Target Test Prep
Magoosh
Magoosh
Study with Magoosh GMAT prep

Available with Beat the GMAT members only code

MORE DETAILS
Magoosh

Problem

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Junior | Next Rank: 30 Posts
Posts: 15
Joined: Sun Dec 16, 2012 4:04 am

Problem

by Captchar » Fri Dec 21, 2012 9:36 am
Hi! I got stuck at this problem suddenly. Can you please discuss it?

A parking garage rents parking spaces for $10 per week or $30 per month. How much does a person save in a year by renting by the month rather than by the week?
(A) $140
(B) $160
(C) $220
(D) $240
(E) $260
Top

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3835
Joined: Fri Apr 02, 2010 10:00 pm
Location: Milpitas, CA
Thanked: 1854 times
Followed by:523 members
GMAT Score:770

by Anurag@Gurome » Fri Dec 21, 2012 9:39 am
Captchar wrote:A parking garage rents parking spaces for $10 per week or $30 per month. How much does a person save in a year by renting by the month rather than by the week?
1 year = 12 months = 52 weeks

If the person pay by week, then in one year he pays 52*10 = $520
If the person pay by month, then in one year he pays 12*30 = $360

Hence, saving = $(520 - 360) = $160

The correct answer is B.
Anurag Mairal, Ph.D., MBA
GMAT Expert, Admissions and Career Guidance
Gurome, Inc.
1-800-566-4043 (USA)

Join Our Facebook Groups
GMAT with Gurome
https://www.facebook.com/groups/272466352793633/
Admissions with Gurome
https://www.facebook.com/groups/461459690536574/
Career Advising with Gurome
https://www.facebook.com/groups/360435787349781/
Top
Post new topic Post Reply
• Page 1 of 1