Nursing Elites

1. A consumer makes a $400 down payment on a television that costs $1,570. Which of the following is the number of months it will take to pay off the television with monthly payments of $100?

• A. 12
• B. 16
• C. 15
• D. 11

Correct answer: A

Rationale: After the $400 down payment, the remaining balance is $1,170. With monthly payments of $100, it will take 12 months to pay off the remaining balance. Therefore, the correct answer is 12 months. Choice B (16) is incorrect as it exceeds the required timeframe. Choice C (15) is incorrect as it is close but still one month over the correct timeframe. Choice D (11) is incorrect as it underestimates the time needed to pay off the remaining balance.

2. Andy has already saved $15. He plans to save $28 per month. Which of the following equations represents the amount of money he will have saved?

• A. y = 15 + 28x
• B. y = 43x + 15
• C. y = 43x
• D. y = 28 + 15x

Correct answer: A

Rationale: The correct equation to represent the amount of money Andy will have saved is y = 15 + 28x. This is because Andy has already saved $15 and plans to save an additional $28 per month. Therefore, the total amount he will have saved can be calculated by adding the initial $15 to the monthly savings of $28 (28x), resulting in y = 15 + 28x. Choices B, C, and D do not correctly account for the initial $15 that Andy has saved and therefore do not represent the total amount correctly.

3. Which of the following values is the greatest?

• A. 2/11
• B. 5.4
• C. 13/3
• D. 6.25

Correct answer: D

Rationale: To determine the greatest value among the given options, convert the fractions to decimal form. 2/11 is approximately 0.1818, 5.4 is a decimal itself, 13/3 is approximately 4.333, and 6.25 is a decimal. Comparing these values, 6.25 is the largest among them. Therefore, option D, 6.25, is the correct answer. Choices A, B, and C are smaller values compared to 6.25, making them incorrect answers.

4. A sweater that normally sells for $78 is marked 15% off. Which of the following estimates the sale price of the sweater?

• A. $12
• B. $66
• C. $22
• D. $69

Correct answer: B

Rationale: To find the sale price after a 15% discount, you calculate 15% of $78, which is $11.70. Subtracting $11.70 from the original price gives $66.30. Since the price is typically rounded, the estimated sale price is $66. Choice A, $12, is too low and does not reflect a 15% discount off $78. Choice C, $22, and choice D, $69, are also incorrect as they do not accurately estimate the sale price after a 15% discount.

5. A couple dining at a restaurant receives a bill for $58.60. They wish to leave a 16% gratuity. Which of the following is the estimated gratuity?

• A. $8.48
• B. $6.40
• C. $9.38
• D. $7.00

Correct answer: C

Rationale: To calculate a 16% gratuity on a bill of $58.60, you multiply $58.60 by 0.16, which equals $9.376. Rounding this to the nearest cent gives $9.38. Therefore, the estimated gratuity is $9.38. Choice A is incorrect as it does not accurately reflect the calculated amount. Choice B is also incorrect as it does not match the correct calculation. Choice D is incorrect as it is not the nearest estimated value to the calculated amount.

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