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

Redeem

Percent

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Junior | Next Rank: 30 Posts
Posts: 18
Joined: Sat Jun 12, 2010 10:17 pm
Thanked: 1 times

Percent

by jcnissi » Mon Jun 14, 2010 1:30 pm
If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20% of the cover price, what is the cover price per issue?

a. $1.98
b. $2.40
c. $2.80
d. $2.86
e. $3.00

Answer: E
Top
Source: — Problem Solving |
Junior | Next Rank: 30 Posts
Posts: 15
Joined: Fri Jun 04, 2010 12:11 am

by EdWood » Mon Jun 14, 2010 3:10 pm
Subscription of 10 issue = $ 24
Subscription of 1 issue = $24/10 = $ 2.4. (This is the price that the person paid, after the discount of 20%.)

Lets assume Cover price = $ x (per subscription).
Price paid after saving of 20% of the cover price = Cover Price - discount
=x - 20% of x = 0.8x
This is the actual price paid which is already given as $ 2.4

so, 0.8x = $ 2.4
x= $3.

Ans E
Top
User avatar
Master | Next Rank: 500 Posts
Posts: 362
Joined: Fri Oct 02, 2009 4:18 am
Thanked: 26 times
Followed by:1 members

by indiantiger » Mon Jun 14, 2010 4:09 pm
10 subscriptions cost $24
Then
1 subscription will cost 24/10 = 2.4

now there is a saving of 20% on cover price so

lets say the actual cover price is 'c'

then c - 20c/100 = 2.4
80c/100 = 2.4
8c/10 = 24
8c = 24
c= 3 (Ans : E)
"Single Malt is better than Blended"
Top
Post new topic Post Reply
• Page 1 of 1