Nursing Elites

1. The price dropped from $200 to $150. By what percentage did the price decrease?

• A. 5%
• B. 10%
• C. 20%
• D. 25%

Correct answer: D

Rationale: The difference between the original price ($200) and the new price ($150) is $50. To find the percentage decrease, divide the difference by the original price and multiply by 100: ($50 / $200) × 100 = 25%. Therefore, the correct answer is D, meaning the price decreased by 25%. Choices A, B, and C are incorrect as they do not accurately represent the percentage decrease in price.

2. If 30% of a given number is 18, what is the full number?

• A. 60
• B. 30
• C. 40
• D. 45

Correct answer: A

Rationale: If 30% of a number is 18, you can find the full number by dividing 18 by 0.30 (the decimal equivalent of 30%). This calculation results in 60. Therefore, the full number is 60. Choice B (30) is the result if 30% of the number itself was calculated, not the full number. Choices C (40) and D (45) are incorrect and do not align with the given information.

3. If an investment earns 5% interest annually, how much interest will it earn in 1 year on a principal of $1,000?

• A. $40
• B. $50
• C. $60
• D. $55

Correct answer: B

Rationale: The correct answer is B: $50. To calculate the interest earned on an investment with a 5% interest rate on a principal of $1,000, you simply multiply the principal amount by the interest rate. 5% of $1,000 is $50. Therefore, the investment will earn $50 in interest in 1 year. Choice A, $40, is incorrect because it represents 4% interest instead of 5%. Choice C, $60, is incorrect because it overestimates the interest earned. Choice D, $55, is incorrect as it does not accurately reflect the 5% interest on the principal amount.

4. An artist sells paintings at $5.50 each. She has 7 stands and pays $35 per stand. What is her profit if she sells an average of 11 paintings per stand?

• A. $245
• B. $178.50
• C. $175
• D. $423.50

Correct answer: B

Rationale: To calculate the profit, first determine the total revenue: 7 stands * 11 paintings per stand * $5.50 per painting = $423.50. Then, subtract the total stand expenses ($35 per stand * 7 stands = $245) from the total revenue to get the profit: $423.50 - $245 = $178.50. Therefore, the correct answer is $178.50. Option A is incorrect because it does not account for the stand expenses. Option C is incorrect as it does not consider the total revenue. Option D is incorrect as it overestimates the profit by not deducting the stand expenses.

5. Louise wins $25 in a raffle at the fair. She spends $50 on an apple pie and $25 on lemonade. How much of her winnings does she take home?

• A. $12.75
• B. $16.25
• C. $18.25
• D. $19.50

Correct answer: B

Rationale: Louise's total spending is $50 + $25 = $75. To find out how much of her winnings she takes home, we need to subtract her total spending from her winnings: $25 - $75 = -$50. Louise actually loses $50 as she spends more than her winnings. Therefore, she doesn't take home any money and would be in debt by $50. The correct answer is $25 - $75 = -$50, indicating that she does not take home any winnings and is in a deficit.

Similar Questions