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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: A child has collected 50 pennies, 40 nickels, 25 dimes, and 5 quarters. Which of the following charts accurately organizes the number of coins? Chart 1 Chart 2 Chart 3 Chart 4

    A. Chart 1

    B. Chart 2

    C. Chart 3

    D. Chart 4

    Answer Explanation

     By inspection, we find the corresponding values of the given denominations in the following manner.

     

  • Q #2: A teacher has asked all the students in the class which days of the week they get up after 9 a.m. which of the following is the best way to display the frequency for each day of the week?

    A. Bar graph

    B. Pie graph

    C. Scatter plot

    D. Histogram

    Answer Explanation

    A histogram will be appropriate to represent the time the students wake up every day of the week. The histogram is used to represent the frequency of the variable with another variable. In our case the vertical axis will represent the number of students (frequency) while the time of waking up on the horizontal axis.

  • Q #3: Which of the following is the decimal equivalent of 9/20?

    A. 0.45

    B. 3.4

    C. 3.57

    D. 0.18

    Answer Explanation

    9/20 is the same as 9 divided by 20, which is evaluated 9÷20. The value becomes 0.45.

    Thus, 9/20 is equal to 0.45.