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Source: GMAT Paper Tests
A certain pair of used shoes can be repaired for $12.50 and will last for 1 year. A pair of the same kind of shoes can be purchased new for $28.00 and will last for 2 years. The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes?
A. 3%
B. 5%
C. 12%
D. 15%
E. 24%
The OA is C
A certain pair of used shoes can be repaired for $12.50 and will last for 1 year. A pair of the same kind of shoes can be purchased new for $28.00 and will last for 2 years. The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes?
A. 3%
B. 5%
C. 12%
D. 15%
E. 24%
The OA is C
