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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.

Therefore, the Correct Answer is B.

More Questions on TEAS 7 Math

  • Q #1: Which of the following is an appropriate unit of measure to express the length of a width of a window?

    A. Hectometers

    B. Kilometers

    C. Centimeter

    D. Liters

    Answer Explanation

    The SI units of measuring length is meter. However, a meter can be a large unit or small quantity depending what is being measured. Therefore, derived units of meters are used to measure the length of an object. In our case, centimeters is the appropriate unit to measure the width of the window.

  • Q #2: 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.

  • Q #3: 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=-a

    From 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