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

Expert replies
by Vincen » Mon Mar 22, 2021 7:59 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty

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
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