It is currently 24 Jun 2017, 14:34

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# ps 6.2

Author Message
TAGS:

### Hide Tags

Intern
Joined: 05 Jul 2011
Posts: 7

### Show Tags

05 Jul 2011, 22:09
00:00

Difficulty:

(N/A)

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 $10 each. What percent of the purchase price, to the nearest tenth of a percent, did the customer pay in interest by using this plan? (A) 16.7% (B) 30% (C) 75.8% (D) 106.7% (E) 107.5% [Reveal] Spoiler: OA Manager Joined: 03 Mar 2011 Posts: 90 Location: United States Schools: Erasmus (S) GMAT 1: 730 Q51 V37 GPA: 3.9 Re: ps 6.2 [#permalink] ### Show Tags 06 Jul 2011, 00:40 the customer will pay 20+12*10=140$ in total, so percent payment will be 20$. The percent is 20/120=1/6=16.666666 The nearest answer will be A _________________ If my post is useful for you not be ashamed to KUDO me! Let kudo each other! Manager Joined: 11 Apr 2011 Posts: 104 Re: ps 6.2 [#permalink] ### Show Tags 06 Jul 2011, 10:19 12*10 + 20 = 140. (20/120)* 100 = 16.7 Re: ps 6.2 [#permalink] 06 Jul 2011, 10:19 Similar topics Replies Last post Similar Topics: 4 At a car dealership, 62% of vehicles on the lot are electric and 48% 4 07 Mar 2017, 18:20 6.2 is what percent of 1000? 2 26 Aug 2015, 20:30 20 Sarah invested$38,700 in an account that paid 6.2% annual 11 07 May 2017, 13:37
4 If on the coordinate plane (6,2) and (0,6) are the endpoints 1 18 Nov 2012, 18:44
2 If the mean of numbers 28, x, 42, 78 and 104 is 62, then 5 24 Apr 2016, 10:11
Display posts from previous: Sort by