Pretest Answers

A stock is trading at $⁢123.82 per share. When the stock is sold, the broker charges a fee of $⁢4.25 before depositing the proceeds into an investor’s account. One investor’s account shows a deposit of $⁢61,905.75 How many shares were sold? Round to the nearest whole number if necessary. Enter your answer in the box.

The total investment required to start a window-washing business can be modeled by the function C⁡(x)=1,840+33.50⁢x , where x is the number of windows across all of the contracts. If an investor has $⁢5,200 , how many windows can be put under contract? Round to the nearest whole number if necessary. Enter your answer in the box.

The rent for an investment property is $⁢950 per month. The property manager charges a monthly fee of $⁢95 In one period, the investor earns $⁢12,825 Write an equation to represent the investor’s revenue in terms of the number of months, x Enter your answer in the box.

A stock is priced at $⁢62.38 per share, and the flat brokerage fee is $⁢6.99 One investor’s account has a debit of $⁢12,482.99 for the purchase of some shares. Write an equation to represent the transaction. Move the correct answer to each box.

The median monthly rent for a specific type of property in an area is $⁢1,350 A property manager sets a program to notify her if a rent is posted at 15% above or below the median rent. Let x be the rent at any time in the future. Write an absolute value equation to represent the information about the manager’s alert. Enter your answer in the box.

One employee deposits $⁢97.54 per paycheck into a retirement account. The account manager charges an initial flat fee of $⁢520 to set up the account. If $⁢6,795.50 has been deposited, how many deposits have been made? Round the answer to the nearest whole number if necessary. Enter your answer in the box.

The total investment required to start a mowing business includes $⁢1,250 for the initial setup and $⁢15 per lawn under contract. One business consultant suggests having $⁢1,850 at the start. Write an equation to represent this investment in terms of the number of lawns, x Enter your answer in the box.

A stock is trading for $⁢25.75 A broker orders that the stock be sold immediately if it goes up or down by 8% of the current price. Let x be the price of the stock at any point in the future. Write an absolute value equation to represent the requirements. Enter your answer in the box.