Test: GMAT Math

1.

The Kingdom of Zenda uses an unusual currency system. It takes 16 kronkheits to make a grotnik and 12 grotniks to make a gazoo. 

At current, $1 can be exchanged for 8 grotniks and 8 kronkheits. For how much American currency can a visitor from Zenda exchange a 100-gazoo bill, to the nearest cent? 

None of the other choices is the correct amount.

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