Nursing Elites

1. If a business's operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits?

• A. $43,333.33
• B. $86,666.67
• C. $52,000.00
• D. $78,000.00

Correct answer: B

Rationale: To calculate the amount spent on employee wages and benefits, we need to find two-thirds (2/3) of the total operating expenses of $130,000. This equals $86,666.67, which is the correct answer. Choice A ($43,333.33) is incorrect as it represents one-third of the total expenses. Choice C ($52,000.00) and Choice D ($78,000.00) are also incorrect as they do not correspond to two-thirds of the total operating expenses.

2. If a product's original price is $80 and it is discounted by 20%, what is the final price?

• A. 64
• B. 60
• C. 70
• D. 66

Correct answer: A

Rationale: To find the discounted price, you first calculate 20% of the original price: 20% of $80 is $16. Subtracting this discount amount from the original price gives the final price: $80 - $16 = $64. Therefore, the final price after a 20% discount on a product originally priced at $80 is $64. Choice B, $60, is incorrect because it does not account for the correct discount amount. Choice C, $70, is incorrect as it does not reflect the reduction due to the 20% discount. Choice D, $66, is incorrect as it miscalculates the discounted price.

3. A school has 15 teachers and 20 teaching assistants. They have 200 students. What is the ratio of faculty to students?

• A. 3:20
• B. 4:17
• C. 3:02
• D. 7:40

Correct answer: B

Rationale: The total number of faculty members is 15 teachers + 20 teaching assistants = 35. The ratio of faculty to students is then 35:200, which simplifies to 7:40. Further simplifying by dividing both numbers by 5 gives the ratio 4:20, which can be simplified to 4:17. Therefore, the correct ratio is 4:17. Choices A, C, and D are incorrect ratios and do not match the calculated ratio of faculty members to students in this scenario.

4. A woman’s dinner bill comes to $48.30. If she adds a 20% tip, which of the following will be her total bill?

• A. $9.66
• B. $38.64
• C. $48.30
• D. $57.96

Correct answer: D

Rationale: To calculate the total bill after adding a 20% tip, you need to find 120% of the original bill. This is because adding a 20% tip means paying 120% of the bill. So, $48.30 × 120/100 = $57.96. Therefore, the correct answer is $57.96. Choice A ($9.66) is incorrect as it represents only the 20% tip amount. Choice B ($38.64) is incorrect as it is the original bill amount without the tip. Choice C ($48.30) is incorrect as it is the original bill amount and does not include the additional 20% tip.

5. 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.

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