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: As the number of opening hours a bank opens in a week increases, the amount of transaction, the number of deposits, and the number of loans available also increase. Which of the following is the independent variable?
A. Opening hours
B. Amount of transactions
C. Number of loans available
D. Number of deposits
Answer Explanation
Based on the given case, the outcome of measuring the duration of opening the bank is the amount of transaction, the number of deposits, and the number of loans available. The three outcomes are dependent variables while the number of opening hours is the independent variable.
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Q #2: A teacher has asked all the students in the class which days of the week they read after 9 pm. which of the following is the best way to display the percent of number of students for each day of the week?
A. Histogram
B. Pie graph
C. Scatter plot
D. Bar graph
Answer Explanation
A histogram depicts the frequency of a one variable over the other while a bar graph is used to compare two variables with vertical axis representing the heights. Therefore, a histogram will be used to represent percent of the number of students reading after 9.
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Q #3: 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.
