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: Which of the following is the total number of whole boxes that measure 3 ft * 3 ft * 3 ft that can be stored in a room that measures 15 ft * 15 ft * 15 ft, if the size of the boxes cannot be altered?
A. 125
B. 64
C. 92
D. 18
Answer Explanation
The number of boxes is found by volume of the room divided by volume of one box.
Number of boxes
The room can hold 125 boxes.
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Q #2: 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
Answer Explanation
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.
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Q #3: Which of the following is the appropriate unit of measure to express the weight of a knife?
A. Liter
B. Milliliter
C. Gram
D. Kilogram
Answer Explanation
The weight of the knife could be appropriately expressed in grams. Since a knife is a small object, we do not expect to measure its weight in kilograms. Liter and milliliter are units of measuring the volume of objects.
