A pharmaceutical company’s stock price was $45.32 on Monday. On Tuesday, the price went up $3.25. On Wednesday, the price decreased from Tuesday’s price by $1.73. On Thursday, the price went up $0.89 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $46.84
B. $47.73
C. $45.23
D. $48.57
we need to find the price of the stock on Thursday.
First, find the price changes in each day of the week as follows:
Monday’s price was $45.32
Tuesday’s price went up by $3.25 from Monday’s price. The price was $(45.32+3.25)=$48.57
Wednesday’s price decreased by $1.73 from Tuesday’s price, and so the price of the stock was $(48.57-1.73)=$46.84
Thursday’s price increased by $0.89 from Wednesday’s price, which was $(46.84+0.89)=$47.73
Therefore, the stock price on Thursday was $47.73.
Therefore, the Correct Answer is B.
More Questions on TEAS 7 Math
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Q #1: There are 800 students enrolled in four allied health program at a local community college. The percent students in each program is displayed in the pie chart. Which of the following is the number of students enrolled in the dental hygiene program?
A. 168
B. 144
C. 336
D. 152
Answer Explanation
we are to use the pie chart to find the number of students enrolled in dental hygiene care.
Letting x represent the number of students enrolled in dental hygiene care, we set the proportion equation with number of students as numerator and percentage as denominator. It should be noted that the whole pie chart represents 100% of the 800 students. Then,
We solve the value of x by cross-products.
Therefore, 144 students will enroll for a dental hygiene program.
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Q #2: A bucket containing 3 3/5 gallons of water is 2/3 full. How many gallons of water is in one fully filled bucket?
A. 13/15
B. 6 7/15
C. 8 2/5
D. 5 2/5
Answer Explanation
we are asked to find the number of gallons a full tank holds. A full tank is treated as 1 whole.
Letting x be the number of gallons in full tank and setting the proportion equation with the number of gallons on the numerator and fraction of tank on denominator as follows.
Convert the mixed fraction into proper fraction and cross-multiply to find the value of x.
x 1 full tank=185 gallons23full tank
A full tank holds 27/5 gallons, which when converted to a mixed fraction is 5 2/5.
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Q #3: A pharmaceutical company’s stock price was $45.32 on Monday. On Tuesday, the price went up $3.25. On Wednesday, the price decreased from Tuesday’s price by $1.73. On Thursday, the price went up $0.89 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $46.84
B. $47.73
C. $45.23
D. $48.57
Answer Explanation
we need to find the price of the stock on Thursday.
First, find the price changes in each day of the week as follows:
Monday’s price was $45.32
Tuesday’s price went up by $3.25 from Monday’s price. The price was $(45.32+3.25)=$48.57
Wednesday’s price decreased by $1.73 from Tuesday’s price, and so the price of the stock was $(48.57-1.73)=$46.84
Thursday’s price increased by $0.89 from Wednesday’s price, which was $(46.84+0.89)=$47.73
Therefore, the stock price on Thursday was $47.73.
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Q #4: Solve for z in the equation above.
A. z=rwy+x
B. z=rw+(y/x)
C. z=y(x+rw)
D. z=rw-(y/x)
Answer Explanation
We are asked to make z the subject of the formula.
First, we subtract y/x from both sides of the equation
Thus, the formula for finding the value of z is
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Q #5: Which of the following is the length of the unknown leg of a right triangle that has one leg length of 10 feet and a hypotenuse of 14 feet? (Round to the nearest tenth.)
A. 6 feet
B. 15.6 feet
C. 9.8 feet
D. 20 feet
Answer Explanation
The sides of a right-angled triangle are determined by the Pythagoras theorem. If we let the unknown side to x as in the figure below, then theory is applied as follows.
The value of x is found as:
The value of the unknown leg side of a triangle is about 9.8 feet.
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Q #6: Which of the following values is the greatest?
A. 25/2
B. 12.35
C. 40/3
D. 11.46
Answer Explanation
To find the greatest number from the given set, we first convert the decimal numbers into fractions.
12.35 becomes 1235/100
11.46 becomes 1146/10
Then, the LCM for the denominators of the given fractions of 2, 100, 3 and 10 is 300. Now we multiply each fraction with 300, which we will use to compare the give set.
25/2*300=3750
1235/100*300=3705
40/3*300=4000
1146/10*300=3438
From the calculated values, 4000 is the greatest value. Then, 40/3 is the greatest value.
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Q #7: Which of the following is the best approximation of 6 times the positive square root of 42?
A. 60.3
B. 44.7
C. 30.0
D. 38.9
Answer Explanation
In this case, we use a calculator to estimate the positive square root of 42.
Then, multiplying the square root above with 6 becomes
Then, the approximate value of 6 time the positive square root of 42 is 38.9.
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Q #8: A person weighed themselves at 176 lb. Four months later they weighed themselves at 186 lb. Which of the following is the percent of weight the person gained over 4 months? (Round to the nearest percent.)
A. 6%
B. 10%
C. 11%
D. 9%
Answer Explanation
we are asked to find the percent change in weight gain of a person.
First, we need to find the change in weight gained over the 4 months
Change in weight= 186-176=10 lb
The percent change is expressed as change in weight over original weight *100. Then
The percent change in weight is 6% to the nearest whole number.
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Q #9: Which of the following is the decimal form of 67.9%?
A. 67.9
B. 6,790
C. 0.679
D. 8.75
Answer Explanation
percentages are fractions with denominator equal to 100. Then, in decimal form:
The decimal form of 67.9% is 0.679.
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Q #10: Which of the following is the value of x in the equation below
A. x= -3 or x=4
B. x= -1 or x=2
C. x =-2 or x= 4
D. x= -3 or x= 5
Answer Explanation
We are tasked to find the unknown values of x in the given equation.
First, we add 8 to both sides of the equation.
Next, we apply the absolute rule:
If
, a>0, then u=a or u=-aFrom our resulting equation, a=14, which is greater 0. Then, the first condition (u=a) becomes
Solving for x
The second condition (u= -a) becomes
Solving for x
Thus, the value of x is 4 or -3
