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Bunuel
If each digit in the set A = {1, 2, 3, 4, 5} is used exactly once, in how many ways can the 5 digits be arranged?

A. 6
B. 24
C. 72
D. 96
E. 120

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Total ways of arrangement can be explained by the following steps

- - - - -
5 blank spaces to be filled by each of 5 digits

First Place can be filled in 5 ways (any digit out of available 5 digits)
Second Place can be filled in 4 ways (any digit out of Remaining available 4 digits because one digit has been used already)
Third Place can be filled in 3 ways (any digit out of Remaining available 3 digits because Two digits have been used already)
Forth Place can be filled in 2 ways (any digit out of Remaining available 2 digits because Three digits have been used already)
Fifth Place can be filled in 1 ways (any digit out of Remaining available 1 digits because Four digits have been used already)

Total Arrangements = 5 x 4 x 3 x 2 x 1 = 5! = 120

Answer: Option E
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A = {1,2,3,4,5}

Let X1-X2-X3-X4-X5 be the slot to be filled.

X1 slot can be filled by any of the 5 elements of A in 5 ways.
X2 slot can be filled by any of the 4 elements of A in 4 ways.
X3 slot can be filled by any of the 3 elements of A in 3 ways.
X4 slot can be filled by any of the 2 elements of A in 2 ways.
X5 slot can be filled by any of the 5 elements of A in 1 way.

Therefore, 5 digits can be arranged in 5*4*3*2*1 = 120 ways. Ans (E).
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Bunuel
If each digit in the set A = {1, 2, 3, 4, 5} is used exactly once, in how many ways can the 5 digits be arranged?

A. 6
B. 24
C. 72
D. 96
E. 120

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This is combinations without repetition, single source and order does matter. Btw. most questions in GMAT however involve combinations where order doesn't matter.

Here it's simply 5! = 120

You should know the value of 5! by heart.
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Bunuel
If each digit in the set A = {1, 2, 3, 4, 5} is used exactly once, in how many ways can the 5 digits be arranged?

A. 6
B. 24
C. 72
D. 96
E. 120

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If a number is only used once, the total number of digits available is reduced by one each time.

5*4*3*2*1 = 5! = 120
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Bunuel
If each digit in the set A = {1, 2, 3, 4, 5} is used exactly once, in how many ways can the 5 digits be arranged?

A. 6
B. 24
C. 72
D. 96
E. 120

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800score Official Solution:

There are 5! = 120 possible arrangements of the five digits with no restrictions. Every time an item is selected, it is reduced from the pool. (5)(4)(3)(2)(1) = 120.
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In how many ways can the 5 digits be arranged if then numbers in the set A could be used more than once ?
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sony1000
In how many ways can the 5 digits be arranged if then numbers in the set A could be used more than once ?

In that case, then you could take the same approach, but you would not reduce the available numbers for each "slot" after each step.

5 choices for the first slot
5 choices for the second slot,
5 choices for the third slot,
5 choices for the fourth slot,
and 5 choices for the fifth slot

5*5*5*5*5 = 5^5 = 3125
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