Grades in a Classroom Are Often Given According to the Percentage

question 127

Multiple Choice

Grades in a classroom are often given according to the percentage score obtained by the student. Suppose that a teacher grades according to the following scheme, where all scores are rounded to the nearest percent: A $\quad 90 \% - 100 \%$
B $80 \% - 89 \%$
C $65 \% - 79 \%$
D $50 \% - 64 \%$
$\mathrm { F } \quad 0 \% - 49 \%$ To determine a percent grade, form a ratio of score received to possible score and then write this ratio as a percent. Calculate the percent (nearest percent) and determine the letter grade for each score. The student gets 612 answers right out of a possible 1,200. What is the letter grade?

• A) D
• B) A
• C) C
• D) B
• E) F

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Definitions:

Shares Outstanding

Refers to the total number of shares of a company that are currently owned by investors, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn reduces its price but not the total market capitalization.

Total Market Value

The aggregate value of a company or an asset in the marketplace, based on current prices and the total number of shares or units outstanding.

Stock Split

A corporate action where a company divides its existing stock into multiple shares to boost the liquidity of the shares.