A pharmaceutical company’s stock price was $33.65 on Monday. On Tuesday, the price went up $1.23. On Wednesday, the price decreased from Tuesday’s price by $0.97. On Thursday, the price went up $2.75 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $33.65
B. $33.91
C. $34.88
D. $36.66
The final price of the stock on Thursday can be found by finding the price on the previous day taking into account the price changes as follows.
The price of the stock on Monday was $33.65
On Tuesday the price of the stock went up by $1.23 from Monday’s price. Then, Tuesday’s price was $(33.65+1.23)=$34.88
The price of the stock on Wednesday decreased by $0.97 from Tuesday’s price. The price on Wednesday became $(34.88-0.97)=$33.91
Thursday’s price increased by $2.75 from Wednesday’s price, which was $(33.91+2.75)=$36.66
Therefore, the final price of the stock on Thursday was $36.66.
Therefore, the Correct Answer is D.
More Questions on TEAS 7 Math
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Q #1: A bucket containing 5 2/5 gallons of water is 2/7 full. How many gallons of water is in one fully filled bucket?
A. 14/15
B. 2 7/15
C. 8 4/5
D. 18 9/10
Answer Explanation
we are asked to find the number of gallons a full tank can hold. A full tank is equivalent to 1.
Convert the mixed fraction into proper fraction as follows
If we let x be the number of gallons in full tank, and setting up the proportion equation with the number of gallons on the numerator and fraction of tank on denominator as follows.
Cross-multiply to find the value of x.
Converting 189/10 to a mixed fraction is 18 9/10. Thus, when the tank is full, it holds 18 9/10 gallons of water.
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Q #2: The length of a rectangular room is 8 feet greater than its width. Which of the following equations represents the area (A) of the room?
A. A = w(w+8)
B. A = 2w+2(w+8)
C. A = 5(w+8)
D. A = w+(w+8)
Answer Explanation
To find the area of the room, we form an equation of find an equation relating the length and width of the rectangle. If we let the width of the room to be w, then
Width of the rectangle= w
Length of rectangle=(w+8)
Area of the rectangle, A= Length*width=(w+8)*w
A=w(w+8)
Thus, the area of the rectangular room is w(w+8).
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Q #3: Which of the following is the mean of the test scores listed below? 80, 68, 74, 87, 96
A. 80
B. 78
C. 96
D. 81
Answer Explanation
the mean of a data set is the total scores divided by the number of tests.
Total test scores =80+68+74+87+96=405
Number of tests =5
Mean test score =405/5=81
The mean test score is 81.
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Q #4: Which of the following is the best estimate of the number of centimeters (cm) in 2 yards? (Note: 1 yard=3 feet; 1 foot =12 inches; 1 inch =2.54 cm)
A. 175 cm
B. 180 cm
C. 136 cm
D. 90 cm
Answer Explanation
we convert the given value in yards to the cm by setting up the equation below.
2 yards is equal to 182.88 cm, which is approximately 180 cm.
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Q #5: -2/9, -0.9, -1.7, -4/7 Of the number listed above, which number is the greatest?
A. -0.9
B. -4/7
C. -1.7
D. -2/9
Answer Explanation
The initial step is to convert the decimal options to fractions. Then, we find the LCM of the denominators of all fractions, which will be used to compare the values of the given options.
-0. becomes -9/10
-1.7 becomes -17/10
Then, the resulting denominators are 9, 10, and 63. Their LCM of 630 is used to multiply each fraction.
-2/9*630=-140
-9/10*630=-567
-17/10*630=-1071
-4/7*630=-360
From the calculations above, -140 is the greatest value of all the values. Thus, -2/9 is the greatest number.
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Q #6: A bag contains two green balls, three red balls, and seven yellow balls. If one ball is randomly selected from the ball, which of the following is the probability that the ball is yellow?
A. 7/12
B. ¼
C. ½
D. 1/6
Answer Explanation
The probability of finding the probability of a yellow ball is given by
Total number of balls in the bag=2+3+7=12 balls
The probability of drawing a yellow ball from the bag is 7/12.
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Q #7: Which of the following is the decimal form of 58.7%?
A. 0.587
B. 5,870
C. 5.87
D. 587
Answer Explanation
percentages are fractions with denominator equal to 100. To get the decimal form of the percent given, e divide the value by 100.
The decimal form of 58.7% is 0.587.
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Q #8: Which of the following is the value of x in the equation below
A. x= -4/3 or x=2
B. x= -1 or x=2
C. x =-2 or x= 1
D. x= -3/2 or x= 1/2
Answer Explanation
we find the value of x by applying the absolute conditions to the given equation.
First, add 2 to both sides of equation
Add 10 to both sides of the equation
Next, we apply the absolute rule:
If u=a
, a>0, then u=a or u=-aIn this case a=5, which is greater 0.
The first condition becomes
Solving for x
The second condition becomes
Solving for x
Then, the value of x is -4/3 or 2.
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Q #9: Which of the following values is the greatest?
A. 3/8
B. 6.25
C. 10/7
D. 7.4
Answer Explanation
To find the greatest number from the given options, convert the decimal numbers into fractions.
6.25 becomes 625/100
7.4 becomes 74/10
The LCM for the denominators of 8, 100, 7, and 10 is 2800. Now we can multiply each fraction with the LCM.
3/8*2800=1050
625/100*2800=17500
10/7*2800=4000
74/10*2800=20720
The fraction 7.4 is the greatest of all.
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Q #10: Simplify the expression below. Which of the following is correct? \(\frac{[3 (2 + 6 \ast 4)]}{(26 \div 2)}\)
A. 6
B. 8
C. 12
D. 9
Answer Explanation
We follow the order of operations to solve the given expression.
First, we start with the numerator and solve it as follows
[3(2+6*4)]
We start with multiplication in inner brackets, 6*4=24. The expression becomes
[3(2+24)]
Then, we conduct the addition of 2+24=26. Then, the expression becomes
[3(26)]=3*26=78
Now, we solve for denominator, which is 26/2=13.
Thus, the expression is reduced into
\(\frac{[3(2+6\ast4)]}{(26\div2)}=\frac{78}{13}=6\)
The expression reduces into 6.
