Wonderlic Cognitive Ability Practice Test

A shop owner bought some shovels for $5,500 and sold them for $7,300. How many shovels were involved if each accounted for a profit of $50?

1. 18

2. 36

3. 55

4. 73

The correct answer is: 36

To determine how many shovels were involved in this transaction, we first need to identify the profit made from the sale of the shovels. The shop owner sold the shovels for $7,300 after purchasing them for $5,500. The total profit from the sale can be calculated by subtracting the cost price from the selling price: Total Profit = Selling Price - Cost Price Total Profit = $7,300 - $5,500 Total Profit = $1,800 Since it is given that each shovel accounted for a profit of $50, we can find the number of shovels by dividing the total profit by the profit per shovel: Number of Shovels = Total Profit ÷ Profit per Shovel Number of Shovels = $1,800 ÷ $50 Number of Shovels = 36 Thus, the correct answer indicating the number of shovels involved in the transaction is 36. This calculation takes into account the total profit and how that profit is distributed among individual shovels.