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A parking garage rents parking spaces

A parking garage rents parking spaces for $10 per week or $30 per month. How much does a person save in a year by renting by the month rather than by the week?

(A) $140
(B) $160
(C) $220
(D) $240
(E) $260

Given ans : $160
My Ans :  $120

Anu

Written by Take GMAT Team on May 2nd, 2008 with 4 comments.
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4 comments

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Get your own gravatar by visiting gravatar.com Nrip Nihalani
#1. May 2nd, 2008, at 3:55 PM.

Well a year has 365/7 weeks = apprx 52.14 weeks

Thus for a year

for 52 weeks @ $10 per week one pays $520

for 12 months @ $30 per month one pays $360: saving $(520-360) = $160

Ans is B

Get your own gravatar by visiting gravatar.com Deeks
#2. May 3rd, 2008, at 12:58 AM.

B

Get your own gravatar by visiting gravatar.com SD
#3. May 5th, 2008, at 4:38 PM.

B

Get your own gravatar by visiting gravatar.com Ritula Thakur
#4. May 5th, 2008, at 6:25 PM.

There are 52 weeks in a year so rent for weeks=52*10=520
There are 12 months so rent for months=12*30=360
Net saving=520-360=160
So ans is B

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