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The price of the stock of the \(ACME\) corporation decreased by 20 percent on Day 1 and by 20 percent again on Day 2. If

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The price of the stock of the \(ACME\) corporation decreased by 20 percent on Day 1 and by 20 percent again on Day 2. If

by Vincen » Sun Jun 21, 2020 2:18 am

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The price of the stock of the \(ACME\) corporation decreased by 20 percent on Day 1 and by 20 percent again on Day 2. If the price of the stock at the end of Day 2 was $32, what was the price of the stock at the beginning of Day 1?

A. $64
B. $53
C. $50
D. $48
E. $40

[spoiler]OA=C[/spoiler]

Source: Manhattan GMAT
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