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Joshua is taking a test with 30 questions. To qualify for an academic scholarship, he needs to answer at least 80% of the questions correctly. What is the minimum number of questions Joshua must answer correctly to qualify for the scholarship?
- A. 23
- B. 24
- C. 26
- D. 27
Correct Answer: B
Rationale: To qualify for an academic scholarship, Joshua needs to answer at least 80% of the 30 test questions correctly. 80% of 30 is 24, so Joshua must answer at least 24 questions correctly to qualify for the scholarship. Choice A (23) is incorrect as it is below the minimum required percentage. Choices C (26) and D (27) are also incorrect as they exceed the minimum number of questions Joshua needs to answer correctly for the scholarship.
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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.
Sally wants to buy a used truck for her delivery business. Truck A is priced at $450 and gets 25 miles per gallon. Truck B costs $650 and gets 35 miles per gallon. If gasoline costs $4 per gallon, how many miles must Sally drive to make truck B the better buy?
- A. 500
- B. 7500
- C. 1750
- D. 4375
Correct Answer: D
Rationale: To determine the breakeven point where Truck B becomes the better buy, we need to compare the total costs for both trucks. For Truck A: Total cost = $450 + (miles / 25) * $4. For Truck B: Total cost = $650 + (miles / 35) * $4. To find the point where Truck B is the better buy, set the two total cost equations equal to each other and solve for miles. By solving this equation, we find that Sally must drive 4375 miles for Truck B to be the better buy. Choice A (500) is too low, Choice B (7500) is too high, and Choice C (1750) does not represent the breakeven point where Truck B becomes more cost-effective.
What is the volume of a ball with a diameter of 7 inches?
- A. 165.7 in³
- B. 179.6 in³
- C. 184.5 in³
- D. 192.3 in³
Correct Answer: A
Rationale: To find the volume of a sphere, the formula V = (4/3)πr³ is used, where r is the radius of the sphere. Given that the diameter of the ball is 7 inches, the radius (r) would be half of the diameter, which is 3.5 inches. Plugging this value into the formula: V = (4/3)π(3.5)³ = (4/3)π(42.875) ≈ 165.7 in³. Therefore, the correct answer is A. Choice B, C, and D are incorrect as they do not accurately represent the volume of the ball with a diameter of 7 inches.
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.
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.