If you believe you can immediately take the test again and improve your score by 40+ points, then you may want to take the test again. On your business school application, you will only report your highest score, so admissions teams will only focus on your best attempt. You should not be concerned about taking the test again and receiving a lower score. The only downside is the cost of the test.
This being said, your score is strong, so you should not be too concerned if you are not able to raise your score.
Hope this was of help.
Conrad and the Stacy Blackman
Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact
Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap