Wonderlic Cognitive Ability Practice Test

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Prepare for the Wonderlic Cognitive Ability Test. Ace your test with engaging multiple choice questions, detailed explanations, and invaluable hints. Boost your cognitive skills today!

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If four different stocks have an average price of $100 and one stock costs $70, what is the average price of the other three stocks?

$100
$107
$110
$112

The correct answer is: $110

To determine the average price of the other three stocks, first, we need to clarify what it means when four different stocks have an average price of $100. This means that the total price of all four stocks combined is $100 multiplied by 4, which equals $400. If one of these stocks costs $70, we can find the total price of the remaining three stocks by subtracting the price of the one stock from the overall total: Total price of the four stocks = $400 Price of one stock = $70 Price of the remaining three stocks = $400 - $70 = $330 To find the average price of these three stocks, we divide the total price of the remaining three stocks by the number of stocks, which is three: Average price of the remaining three stocks = $330 / 3 = $110. Therefore, the correct answer indicates that the average price of the other three stocks is $110.