GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 17 Nov 2018, 05:32

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
  • FREE Quant Workshop by e-GMAT!

     November 18, 2018

     November 18, 2018

     07:00 AM PST

     09:00 AM PST

    Get personalized insights on how to achieve your Target Quant Score. November 18th, 7 AM PST
  • How to QUICKLY Solve GMAT Questions - GMAT Club Chat

     November 20, 2018

     November 20, 2018

     09:00 AM PST

     10:00 AM PST

    The reward for signing up with the registration form and attending the chat is: 6 free examPAL quizzes to practice your new skills after the chat.

If a subscription for 10 issues of a magazine costs $24.00 and represe

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 50621
If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 10 Nov 2015, 23:41
1
2
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

80% (01:04) correct 20% (01:26) wrong based on 114 sessions

HideShow timer Statistics

If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20 percent of the cover prices, what is the cover price per issue?

(A) $1.98
(B) $2.40
(C) $2.80
(D) $2.86
(E) $3.00

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Verbal Forum Moderator
User avatar
V
Status: Greatness begins beyond your comfort zone
Joined: 08 Dec 2013
Posts: 2115
Location: India
Concentration: General Management, Strategy
Schools: Kelley '20, ISB '19
GPA: 3.2
WE: Information Technology (Consulting)
GMAT ToolKit User Reviews Badge CAT Tests
Re: If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 10 Nov 2015, 23:56
2
Let subscription per magazine = x
10x = 24
=> x= 2.4

Let cover price per magazine= c
Since there is a 20% saving on cover prices
.8c=x
=>.8c = 2.4
=>c= 3

Answer E
_________________

When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. - Henry Ford
The Moment You Think About Giving Up, Think Of The Reason Why You Held On So Long
+1 Kudos if you find this post helpful

Senior SC Moderator
avatar
V
Joined: 22 May 2016
Posts: 2100
Premium Member CAT Tests
If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 10 Oct 2017, 11:26
1
Bunuel wrote:
If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20 percent of the cover prices, what is the cover price per issue?

(A) $1.98
(B) $2.40
(C) $2.80
(D) $2.86
(E) $3.00


Approach I

$24 is a savings of 20 percent of regular price for TEN issues, \(R\)

\(24 = .80R\)

R = \(\frac{24}{.8}=\frac{240}{8}\)= $30

Each issue is \(\frac{$30}{10}=\) $3 per issue

Answer E

Approach 2

If 10 issues = $24, each issue is

\(\frac{$24}{10} =$2.40\)

This price is a savings of 20 percent of the regular price per issue, \(r\)

\(2.4 = .8r\)

\(r =\frac{$2.4}{.8} = \frac{$24}{8} =$3.00\)

Answer E
Intern
Intern
avatar
B
Joined: 07 Sep 2017
Posts: 8
Location: Australia
Re: If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 10 Oct 2017, 22:29
Ultra-Fast Route,

(X-24)/X = 20%
X-24 = 0.2X
0.8X = 24
X = 30
Target Test Prep Representative
User avatar
G
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2830
Re: If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 12 Oct 2017, 17:08
Bunuel wrote:
If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20 percent of the cover prices, what is the cover price per issue?

(A) $1.98
(B) $2.40
(C) $2.80
(D) $2.86
(E) $3.00


We can create the following equation in which n = full cost for the magazine:

24 = 0.8n

240/8 = n

30 = n

So, the regular cost per issue is 30/10 = $3.00.

Answer: E
_________________

Jeffery Miller
Head of GMAT Instruction

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Senior Manager
Senior Manager
User avatar
P
Joined: 07 Jul 2012
Posts: 379
Location: India
Concentration: Finance, Accounting
GPA: 3.5
Premium Member CAT Tests
Re: If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 12 Oct 2017, 17:23
Subscription cost per magazine= \(\frac{24}{10}\)= 2.4
Let the cover price per issue= x
0.8x= 2.4

x= \(\frac{2.4}{0.8}\)= 3

So cover price per issue= $3.

Answer: E.


Kudos please if you like my explanation!
_________________

Kindly hit kudos if my post helps!

Manager
Manager
User avatar
B
Joined: 16 May 2017
Posts: 51
GPA: 3.8
WE: Medicine and Health (Health Care)
Re: If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 04 Aug 2018, 06:11
1
The cost of 10 magazines is Rs. 24 which is equal to the cost of 80% of cover magazine.

Let the cost of magazine be "C"
so

24=80/100*C
c=30 i.e. cost of 10 covers, so cost of one cover=30/10=>3

Answer (E)
Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4212
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member
If a subscription for 10 issues of a magazine costs $24.00 and represe  [#permalink]

Show Tags

New post 04 Aug 2018, 06:41
Bunuel wrote:
If a subscription for 10 issues of a magazine costs $24.00 and represents a saving of 20 percent of the cover prices, what is the cover price per issue?

(A) $1.98
(B) $2.40
(C) $2.80
(D) $2.86
(E) $3.00

Price of each magazine is 2.40

The cover price of each Magazine is \(\frac{2.40}{80}*100 = 3.00\) , Answer must be (E)
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

GMAT Club Bot
If a subscription for 10 issues of a magazine costs $24.00 and represe &nbs [#permalink] 04 Aug 2018, 06:41
Display posts from previous: Sort by

If a subscription for 10 issues of a magazine costs $24.00 and represe

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.