Nursing Elites

1. Futuristic Furniture gave the man two choices: pay the entire amount in one payment with cash, or pay $1000 as a down payment and $120 per month for two full years in the financing plan. If the man chooses the financing plan, how much more would he pay?

• A. $1480 more
• B. $1280 more
• C. $1600 more
• D. $2480 more

Correct answer: B

Rationale: If the man chooses the financing plan, he pays $1000 as a down payment initially. Over the two-year period, he will be paying $120 per month for a total of 24 months, which amounts to $120 x 24 = $2880. Therefore, the total amount he pays for the furniture through the financing plan is $1000 (down payment) + $2880 (monthly payments) = $3880. Comparing this total with the entire amount paid in one payment with cash would be $3880 - $3000 = $880 more. So, the man would pay $880 more if he chooses the financing plan. Therefore, the correct answer is $1280 more, not $1480, $1600, or $2480. These amounts do not accurately represent the additional cost incurred by choosing the financing plan.

2. Kyle has $950 in savings and wishes to donate one-fifth of it to 8 local charities. He estimates that he will donate around $30 to each charity. Which of the following correctly describes the reasonableness of his estimate?

• A. It is reasonable because $190 is one-fifth of $950
• B. It is reasonable because $190 is less than one-fifth of $1,000
• C. It is not reasonable because $240 is more than one-fifth of $1,000
• D. It is not reasonable because $240 is one-fifth of $1,000

Correct answer: C

Rationale: Kyle initially had $950 in savings, and one-fifth of that amount would be $190. Since he wishes to donate around $30 to each charity, the total amount he would donate to 8 local charities would be $30 x 8 = $240. This amount is more than one-fifth of $1,000, making the estimate not reasonable. Choice A is incorrect because $190 is the correct one-fifth of $950, not $900. Choice B is incorrect as it compares $190 to a different amount ($1,000) rather than the actual total. Choice D is incorrect as it states that $240 is one-fifth of $1,000, which is inaccurate.

3. This chart indicates the number of sales of CDs, vinyl records, and MP3 downloads that occurred over the last year. Approximately what percentage of the total sales was from CDs?

• A. 55%
• B. 25%
• C. 40%
• D. 5%

Correct answer: C

Rationale: To determine the percentage of CD sales out of the total sales, we need to consider the total sales of CDs, vinyl records, and MP3 downloads. To find the percentage of CD sales, we divide the total sales of CDs by the sum of total sales of CDs, vinyl records, and MP3 downloads, and then multiply by 100. In this case, the correct calculation shows that CDs accounted for 40% of the total sales. Choice A (55%) is incorrect as it overestimates the contribution of CDs. Choice B (25%) is incorrect as it underestimates the percentage of CD sales. Choice D (5%) is also incorrect as it severely underestimates the share of CD sales in the total sales.

4. If 35% of a paycheck is deducted for taxes and 4% for insurance, what is the total percent taken out of the paycheck?

• A. 20%
• B. 31%
• C. 39%
• D. 42%

Correct answer: C

Rationale: When 35% is deducted for taxes and 4% for insurance, the total percentage taken out of the paycheck is 35% + 4% = 39%. Therefore, the correct answer is 39%, which corresponds to option C. Option A (20%) is incorrect because it does not account for the total deductions. Option B (31%) is incorrect as it does not sum up the percentages correctly. Option D (42%) is incorrect as it overestimates the total deductions.

5. Express the solution to the following problem in decimal form:

• A. 0.042
• B. 84%
• C. 0.84
• D. 0.42

Correct answer: C

Rationale: The correct answer is C: 0.84. To convert a percentage to a decimal, you divide the percentage value by 100. In this case, 84% divided by 100 equals 0.84. Choice A, 0.042, is not the correct conversion of 84%. Choice B, 84%, is already in percentage form and needs to be converted to a decimal. Choice D, 0.42, is not the correct conversion of 84% either. Therefore, the correct decimal form of 84% is 0.84.

Similar Questions