GMAT Prep
A camera lens filter kit containing 5 filters sells for $57.50. If the filters are purchased individually, 2 of them are priced at $10.45 each, 2 at $12.05 each, 1 at $17.50. The amount saved by purchasing the kit is what percent of the total price of the 5 filters purchased individually?
A. 7%
B. 8%
C. 8.5%
D. 10%
E. 11%
OA B
A camera lens filter kit containing 5 filters sells for $
This topic has expert replies
GMAT/MBA Expert
- Brent@GMATPrepNow
- GMAT Instructor
- Posts: 16207
- Joined: Mon Dec 08, 2008 6:26 pm
- Location: Vancouver, BC
- Thanked: 5254 times
- Followed by:1268 members
- GMAT Score:770
2 of them are priced at $10.45 each, 2 at $12.05 each, 1 at $17.50AAPL wrote:GMAT Prep
A camera lens filter kit containing 5 filters sells for $57.50. If the filters are purchased individually, 2 of them are priced at $10.45 each, 2 at $12.05 each, 1 at $17.50. The amount saved by purchasing the kit is what percent of the total price of the 5 filters purchased individually?
A. 7%
B. 8%
C. 8.5%
D. 10%
E. 11%
OA B
TOTAL cost when purchased individually = (2 x $10.45) + (2 x $12.05) + (1 x $17.50)
= $20.90 + $24.10 + $17.50
= $62.50
The amount saved by purchasing the kit is what percent of the total price of the 5 filters purchased individually?
Amount saved = $6250 - $57.50 = $5.00
Percent = (100)($5.00)/$62.50
= 500/62.50
= 5000/625
= 1000/125
= 200/25
= 8%
Answer: B
Cheers,
Brent
GMAT/MBA Expert
- Scott@TargetTestPrep
- GMAT Instructor
- Posts: 7223
- Joined: Sat Apr 25, 2015 10:56 am
- Location: Los Angeles, CA
- Thanked: 43 times
- Followed by:29 members
The total cost of the 5 filters when purchased individually is:AAPL wrote:GMAT Prep
A camera lens filter kit containing 5 filters sells for $57.50. If the filters are purchased individually, 2 of them are priced at $10.45 each, 2 at $12.05 each, 1 at $17.50. The amount saved by purchasing the kit is what percent of the total price of the 5 filters purchased individually?
A. 7%
B. 8%
C. 8.5%
D. 10%
E. 11%
OA B
2 x 10.45 + 2 x 12.05 + 17.50
20.90 + 24.10 + 17.50
$62.50
Therefore, the amount saved when purchasing them together in a kit is 62.50 - 57.50 = $5, and this is 5/62.5 = 0.08 = 8% of the total cost of the filters when purchased individually.
Answer: B
Scott Woodbury-Stewart
Founder and CEO
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews