A pharmaceutical company’s stock price was $20.33 on Monday. On Tuesday, the price went up $0.35. On Wednesday, the price decreased from Tuesday’s price by $1.05. On Thursday, the price went up $0.95 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $20.68
B. $19.63
C. $20.63
D. $20.58
Thursday’s stock price is found by determining the price of the stock on Tuesday and Wednesday.
Stock price on Monday= $20.33
Stock price on Tuesday= $(20.33+0.35)=$20.68
Stock price on Wednesday =$(20.68-1.05)=$19.63
Stock price on Thursday = $(19.63+0.95)=$20.58
Therefore, the price of the stock on Thursday was $20.58
Therefore, the Correct Answer is D.
More Questions on TEAS 7 Math
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Q #1: Which of the following is the decimal equivalent of 9/25?
A. 36
B. 0.36
C. 3.6
D. 0.25
Answer Explanation
9/25 is the same as 9÷25. Using the calculator, we get 0.36.
Thus, 9/25 in decimal form is 0.36.
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Q #2: Which of the following is the best approximation of 15 times the positive square root of 33?
A. 78.5
B. 44.7
C. 156.2
D. 86.2
Answer Explanation
we use the calculator to determine the positive square root of 33, which is then multiplied by 15.
Using the calculator,
Multiplying the square root above with 15 becomes
The approximate value is 86.2.
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Q #3: A child has a bottle full of pennies, nickels, dimes, and quarters. There are four as many quarters as pennies, three times as many as nickels as pennies, and five times as many dimes as nickels. How many more dimes does the child have than pennies?
A. 5 times as many
B. 10 times as many
C. 20 times as many
D. 15 times as many
Answer Explanation
Explanation:
In this question, we need to find the ratio of dimes to quarters.
If we let x be number of pennies in the bottle. Then,
Number of quarters in the bottle = 4x
Number of nickels in the bottle = 3x
Number of dimes in the bottle =5(3x)=15x
Now relating dimes to quarters, we have
Thus, there are 15 times as many dimes as pennies in the box.
