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ps 6.2

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Intern
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Joined: 05 Jul 2011
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ps 6.2 [#permalink] New post 05 Jul 2011, 21:09
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

100% (00:00) correct 0% (00:00) wrong based on 1 sessions
On a purchase of $120, a store offered a payment plan consisting of a $20 down payment and 12 monthly payments of $10 each. What percent of the purchase price, to the nearest tenth of a percent, did the customer pay in interest by using this plan?
(A) 16.7%
(B) 30%
(C) 75.8%
(D) 106.7%
(E) 107.5%
[Reveal] Spoiler: OA
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Joined: 03 Mar 2011
Posts: 94
Location: United States
Schools: Erasmus (S)
GMAT 1: 730 Q51 V37
GPA: 3.9
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Re: ps 6.2 [#permalink] New post 05 Jul 2011, 23:40
the customer will pay 20+12*10=140$ in total, so percent payment will be 20$. The percent is 20/120=1/6=16.666666

The nearest answer will be A
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Re: ps 6.2 [#permalink] New post 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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ps 6.2

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