A pharmaceutical company’s stock price was $50.33 on Monday. On Tuesday, the price went up $2.35. On Wednesday, the price decreased from Tuesday’s price by $1.07. On Thursday, the price went up $0.75 from Wednesday’s price. Which of the following was the final price on Thursday?
$54.50
$53.43
$52.36
$50.86
Correct Answer : C
We need to find the price changes in each day of the week in order to find the price of the stock on Thursday.
Monday’s price was $50.33
Tuesday’s price went up by $2.35 from Monday’s price. The price was $(50.33+2.35)=$52.68
Wednesday’s price decreased by $1.07 from Tuesday’s price, and so the price of the stock was $(52.68-1.07)=$51.61
Thursday’s price increased by $0.75 from Wednesday’s price, which was $(51.61+0.75)=$52.36
Therefore, the price of the stock on Thursday was $52.36.
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Related Questions
Correct Answer is C
Explanation
To calculate the percentage increase in client volume, use the formula:
PercentageIncrease×100
Step 1: Identify values
- Old Value (Year 1): 841 clients
- New Value (Year 2): 1,072 clients
Step 2: Compute the increase
1,072−841=231
Step 3: Calculate the percentage increase
×100 ≈ 27.47%
Step 4: Choose the closest answer
The closest option is 27%.
Correct Answer is D
Explanation
The probability of an event is determined by the relation
Finding the probability of drawing the red ball, we need to find the total number of balls in the bag.
Total number of balls in the bag=5+4+3=12 balls
The probability of drawing a red ball from the bag is 1/3.
Correct Answer is A
Explanation
To find the greatest number from the given options, we first convert the decimal numbers into fractions.
4.25 becomes 425/100
4.4 becomes 44/10
Then, we find the LCM for the denominators of the given fractions. The LCM of 2, 100, 3 and 10 is 300. Now we can multiply each fraction with the LCM.
9/2*300=1350
425/100*300=1275
10/3*300=1000
44/10*300=1320
Comparing the obtained values from above, 1350 is the greatest followed by 1320, 12750, and 1000 in that order. The fraction 9/2 gave a value of 1350, which was the greatest value. Thus, 9/2 is the greatest value from the given option.
You can also convert to decimals and compare which would give you the same answer.
Correct Answer is C
Explanation
We are asked to find the number of gallons full tank can hold. The fraction of full tank is 1.
First, we let x be the number of gallons in full tank. Then, set the proportion equation by setting the number of gallons on the numerator and fraction of tank on denominator as follows.
Convert the mixed fraction into proper fraction and cross-multiply to find the value of x.
Converting 42/5 to a mixed fraction is 8 2/5. Thus, when the tank is full, it holds 8 2/5 gallons of water.
Correct Answer is A
Explanation
To find the cost-effective option, we need to find how much the consumer will spend for the given options:
2 packs of Orange and 1 pack of Cream Soda will cost $18+$5= $23
3 Packs of Orange will cost $18+$10=$28
2 packs of Root Beer and 1 pack of Cream Soda will cost 2($12)+$5=$29
5 packs of cream Soda will cost 5($5)=$25
From the above evaluation, the consumer will spend $23 for a cost effective package of soft drinks. Thus, 2 packs of Orange and 1 pack of Cream Soda will be cheaper to purchase compared to other options.
Correct Answer is B
Explanation
We are asked to find the number of cups of flour that will be used to make 90 cookies.
Letting x be the number of cups of flour and setting the proportion equation with number of cookies on numerator and number of cups of flour on the denominator. We have
Solve the value of x by cross-multiplying
We convert the mixed fraction into improper fraction in order to carry out multiplication
\(x =\ \frac{9}{4}\ cups\ *\ 90\ cookies\ *\ \frac{1}{36}\ cookies\)
The number of cups of flour needed to make 90 cookies is 5.625 cups, which is equal to 5 5/8 cups(Choice B).
Correct Answer is D
Explanation
We convert the given value in yard to the cm using the following set up.
The value 91.44 cm is close to 90 cm. Therefore, 1 yard is approximately 90 cm.
Correct Answer is B
Explanation
The number of boxes is determined by finding the volume of the room divided by the volume of the box.
Number of boxes
The approximate number of boxes that can be stored in the room is 92.
However, the room’s dimensions are 9 ft x 9 ft x 9 ft, and the boxes are 2 ft x 2 ft x 2 ft (unchangeable shape). To determine how many boxes fit along each dimension:
- In the 9 ft length, you can fit\(\frac{9}{2} = 4.5\ boxes\) which means only 4 whole boxes fit along this dimension.
- In the 9 ft width, you can fit 4 whole boxes.
- In the 9 ft height, you can fit 4 whole boxes.
Therefore, the total number of boxes that fit is:
\(4 \times 4 \times 4 = 64\ boxes\)
Correct Answer is D
Explanation
A change in number of credit hours result in a change in the amount of access fees, amount of tuition, and availability of student loans. Thus, number of credit hours is the independent variable.
Correct Answer is C
Explanation
Let x be the employee's salary before the raise. The employee received a 20% raise, so the new salary is:
x+0.2x=60,000
Step 1: Factor out x
1.2x=60,000
Step 2: Solve for x
x=60,000/1.2=50,000
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