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Three types of pencils, J,K, and L, cost $0.05, $0.10, and $0.25 each, respectively. If a box of 32 of these pencils costs a total of $3.40 and if there are twice as many K pencils as L pencils in the box, how many J pencils are in the box?

(A) 6
(B) 12
(C) 14
(D) 18
(E) 20

Highlight to see answer: C

Please post your explanations in the comments below!

In 1980 the government spent $12 billion for direct cash payments to single parents with dependent children. If this was 2,000 percent of the amount spent in 1956, what was the amount spent in 1956? (1 billion = 1,000,000,000)

(A) $6 million
(B) $24 million
(C) $60 million
(D) $240 million
(E) $600 million

Highlight to see answer: E

Please post your explanations in the comments below!

A merchant purchased a jacket for $60 and then determined a selling price that equaled the purchase price of the jacket plus a markup that was 25 percent of the selling price. During a sale, the merchant discounted the selling price by 20 percent and sold the jacket. What was the merchant’s gross profit on this sale?

(A) $0
(B) $3
(C) $4
(D) $12
(E) $15

Highlight to see answer: C

Please post your explanations in the comments below!

The sum of the first 100 positive integers is 5,050. What is the sum of the first 200 positive integers?

(A) 10,100
(B) 10,200
(C) 15,050
(D) 20,050
(E) 20,100

Highlight to see answer: E

Please post your explanations in the comments below!

Four cups of milk are to be poured into a 2-cup bottle and a 4-cup bottle. If each bottle is to be filled to the same fraction of its capacity, how many cups of milk should be poured into the 4-cup bottle?

(A) 2/3
(B) 7/3
(C) 5/2
(D) 8/3
(E) 3

Highlight to see answer: D

Please post your explanations in the comments below!

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