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ps 6.2

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Intern
Joined: 05 Jul 2011
Posts: 7

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05 Jul 2011, 22:09
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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
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