During a two-week period, the price of an ounce of silver increased by \(25\) percent by the end of the first week and

During a two-week period, the price of an ounce of silver increased by \(25\) percent by the end of the first week and then decreased by \(20\) percent of this new price by the end of the second week. If the price of silver was \(x\) dollars per ounce at the beginning of the two-week period, what was the price, in dollars per ounce, by the end of the period?

(A) \(0.8x\)
(B) \(0.95x\)
(C) \(x\)
(D) \(1.05x\)
(E) \(1.25x\)

Answer: C

Source: Official Guide