ps 6.2 : GMAT Problem Solving (PS)
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ps 6.2

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Joined: 05 Jul 2011
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05 Jul 2011, 21:09
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On a purchase of $120, a store offered a payment plan consisting of a$20 down payment and 12 monthly payments of $10 each. What percent of the purchase price, to the nearest tenth of a percent, did the customer pay in interest by using this plan? (A) 16.7% (B) 30% (C) 75.8% (D) 106.7% (E) 107.5% [Reveal] Spoiler: OA Manager Joined: 03 Mar 2011 Posts: 90 Location: United States Schools: Erasmus (S) GMAT 1: 730 Q51 V37 GPA: 3.9 Followers: 2 Kudos [?]: 137 [0], given: 12 Re: ps 6.2 [#permalink] Show Tags 05 Jul 2011, 23:40 the customer will pay 20+12*10=140$ in total, so percent payment will be 20\$. The percent is 20/120=1/6=16.666666

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06 Jul 2011, 09:19
12*10 + 20 = 140.
(20/120)* 100 = 16.7
Re: ps 6.2   [#permalink] 06 Jul 2011, 09:19
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