Jacob has $100. She spends 87% of the money. She then invests the remaining amount and earns a profit of 75%. How much money does she now have?
A. $13.00
B. $87.00
C. $22.75
D. $9.75
We are needed to find the amount Jacob will be left with after spending and reinvesting the rest using the given information.
Amount Jacob spends=87% of $100=87/100*100=$87
Amount left to invest=$(100-87)=$13
Jacob is left with $13, which she invests and earns a profit of 75%.
Profit earned on invested amount=75% of $13=75/100*13=$9.75
So, Jacob will have $13+$9.75=$22.75
Therefore, the Correct Answer is C.
More Questions on TEAS 7 Math
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Q #1: A couple dining at a restaurant receives a bill for $28.40. They wish to leave a 10% tip. Which of the following is the estimated gratuity?
A. $4.00
B. $6.00
C. $2.50
D. $3.00
Answer Explanation
When solving percent problems, the following words and their meaning becomes handy.
- Is means equals
- Of means multiply
- What means unknown (variable)
If we let x represent the amount of tip the couple want to leave behind, then
So, the couple will leave a tip of $2.84, which is about $3.00
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Q #2: Which of the following is the greatest value?
A. 43÷55
B. 5/7
C. 0.729
D. 73%
Answer Explanation
we are asked to find the largest value from the options given. To solve this problem, we need to convert all the given values into fraction. Then find the least common denominator for all fractions, which we will use to multiply each fraction and make a comparison.
43÷
55=43/555/7
0.729=729/1000
73%=73/100
Now, we need to find the least common denominator of 55, 7, 1000, and 100, which is 77000. We multiply each fraction by 77000 as follows:
43/55*77000=60200
5/7*77000=55000
729/1000*77000=56133
73/100*77000=56210
From the calculated values, it can be noted that 43/55 is the greatest value among the given options.
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Q #3: One gallon of cleaning solution requires 6 oz of ammonia. If the maintenance department needs 230 gallons of solution to clean all of the floors, how much ammonia is needed?
A. 1380 gallons
B. 6900 gallons
C. 1380 oz
D. 1400 oz
Answer Explanation
from the given data, one gallon of cleaning solution requires 6 oz of ammonia. The mathematical expression of this statement can be expressed in two ways:
Or
The question requires we find the amount of ammonia needed to make 230 gallons of the solution. So, we use the second option and proceed as follows:
From the above equation, gallon of solution will cancel, and oz of ammonia is left.
Therefore, the solution will require 1380 oz of ammonia.
