An energy company’s stock price was $65.50 on Monday. On Tuesday, the price went up $1.50. On Wednesday, the price decreased from Tuesday’s price by $2.57. On Thursday, the price went up $2.25 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $66.68
B. $65.79
C. $67.00
D. $64.43
We are tasked to find the stock price on Thursday from the given information. Here, we need to find the stock of each day from the price increase or decrease. If the price increases, we add to the previous day’s price and subtract if the price decreases.
Monday’s stock price=$65.50
Tuesday’s stock price is Monday’s plus $1.50=65.50+1.50=$67.00
Wednesday’s stock price went down by $2.57 from Tuesday’s=67.00-2.57=$64.43
Thursday’s stock price went up by $2.25 from Wednesday’s =64.43+2.25=$66.68
From the above evaluation, the stock price on Thursday was $66.68
Therefore, the Correct Answer is A.
More Questions on TEAS 7 Math
-
Q #1: A recipe calls for 2/9 cup of flour for every 1 2/5 cup of milk. To make a bigger batch, the chef uses 2 cups of flour. Which of the following would be the amount of milk needed for the bigger batch?
A. 12 1/5 cups
B. 12 3/5 cups
C. 8 1/25 cups
D. 10 3/25 cups
Answer Explanation
The number of cups of milk to make a bigger batch, we proceed as follows:
First convert the mixed number 1 2/5 as
Then, we let the unknown number of cups of milk to be x and we set a proportion equation with number cups of floor as numerator and cups of milk as denominator
Find the value of x by cross-products
2 as a fraction is 2/1 which is then used to find the product of the numerator as follows.
Per means division. The above equation becomes
When dividing fractions, we multiply the first fraction with the reciprocal of the second. The reciprocal of 2/9 is 9/2. Thus
The numbers of cups of milk required is 63/5, which when converted to mixed fraction becomes 12 3/5.
-
Q #2: A recipe calls for 3 teaspoons of vanilla. 1 teaspoon equals approximately 4.93 mL. Which of the following is the correct amount of vanilla in mL?
A. 34.33 mL
B. 9.58 mL
C. 10.49 mL
D. 14.79 mL
Answer Explanation
To find the amount of vanilla in mL, use dimensional analysis of the units of measurements.
Two ways to convert between teaspoon and mL are:
Since we are required to find the amount in mL, we use a cionverstioon that will result in mL. Inspecting the above options, we use the second option and set up an equation in way the unwanted units cancel out and leave the wanted unit we are looking for. Then,
Thus, a recipe of 3 teaspoons equals 14.79 mL.
-
Q #3: A bucket containing 2 2/5 gallons of water is 4/7 full. How many gallons of water is in one fully filled bucket?
A. 4 1/5
B. 2 1/5
C. 4 4/5
D. 2 2/5
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
(2frac{2}{5}=frac{left(2ast5 ight)+2}{5}=frac{10+2}{5}=frac{12}{5})
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.
(frac{x gallons}{1 full tank}=frac{frac{12}{5} gallons}{frac{4}{7}full tank})
Cross-multiply to find the value of x.
(frac{x }{1 full tank}=frac{frac{12}{5} gallons}{frac{4}{7}full tank})
(x astfrac{4}{7}full tank=frac{12}{5} gallonsast1 full tank)
(x =frac{frac{12}{5} gallonsast1 full tank}{frac{4}{7}full tank}=frac{12}{5}divfrac{4}{7} gallons=frac{12}{5}astfrac{7}{4}gallons=frac{21}{5}gallons)
Converting 21/5 to a mixed fraction is 4 1/5. Thus, when the tank is full, it holds 4 1/5 gallons of water.
-
Q #4: Which of the following is the equivalence in pounds for 65 kg? (2.2 lb=1 kg)
A. 52.2 lb
B. 22.7 lb
C. 143 lb
D. 220 lb
Answer Explanation
To find the pounds equivalent of the kg given, we use the two options as given below.
OR
Since we want to remain with pounds, we use the second option and set up the equation below.
Thus, 65 kg is equal to 143 lb.
-
Q #5: As the dollar rate increases in a day, the amount of investment, stock prices, and forex exchange deposit available also decreases. Which of the following is the independent variable?
A. Amount of investment
B. Dollar rate
C. Stock prices
D. Forex exchange deposit
Answer Explanation
Based on the given scenario, the outcome of measuring the daily dollar rate is the decline in investment, stock prices, and forex exchange. The three outcomes are dependent variables while the dollar rate is the independent variable.
-
Q #6: Which of the following is an appropriate unit of measure to express the length of a chair?
A. Centimeters
B. Kilometers
C. Micrometers
D. Milligrams
Answer Explanation
The length of the chair could be appropriately measured in centimeters. Kilometers are used to measure long distances while micrometers could be used to measure the length of small microorganism in microbiology lab. However, milligrams are used to measure the masses of small quantities.
-
Q #7: An energy company’s stock price was $65.50 on Monday. On Tuesday, the price went up $1.50. On Wednesday, the price decreased from Tuesday’s price by $2.57. On Thursday, the price went up $2.25 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $66.68
B. $65.79
C. $67.00
D. $64.43
Answer Explanation
We are tasked to find the stock price on Thursday from the given information. Here, we need to find the stock of each day from the price increase or decrease. If the price increases, we add to the previous day’s price and subtract if the price decreases.
Monday’s stock price=$65.50
Tuesday’s stock price is Monday’s plus $1.50=65.50+1.50=$67.00
Wednesday’s stock price went down by $2.57 from Tuesday’s=67.00-2.57=$64.43
Thursday’s stock price went up by $2.25 from Wednesday’s =64.43+2.25=$66.68
From the above evaluation, the stock price on Thursday was $66.68
-
Q #8: Solve for A in the equation below. Diagram:
A. A = t(kr+P)
B. A = (kr+P)/t
C. A = P-kr/t
D. A = kr-t/P
Answer Explanation
P-At=-kr
Subtract P on both sides
P-P-At=-kr-P
-At=-kr-P
Divide both sides by -t
-At/-t=(-kr-P)/-t
A=(kr+P)/t
-
Q #9: A circle has an area of 169 π in2. Which of the following is the circumference of the circle in terms of pi ( )?
A. 13 π in
B. 26 π in
C. 7.5 π in
D. 20 π in
Answer Explanation
We need to find the radius of the circle in order to find circumference of the circle. If we let r to be radius of the circle, then
Substituting 169π
in place of area
Dividing both sides by pi and taking square root on both sides yields
The radius of the circle from the given area is 13 in. and the circumference of the circle is given by the relation:
-
Q #10: Which of the following is the independent variable in the equation below? A(f) = 92 + 2f
A. f
B. 2
C. A
D. 92
Answer Explanation
Given the equation A(f)=92+2f
To find the value of A(f), we need to manipulate the value of f. In this case, f is the independent variable while A(f) is the dependent variable.
