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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.
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All the 7 books of the fictional character series Horry
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At $8 per book, the 8 books SHOULD have cost $64 (8 x $8 = $64)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.
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
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Brent
Brent Hanneson - Creator of GMATPrepNow.com
