The price of a certain house went down 40 percent. By what percent does the new price have to be increased in order to

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B

C

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The price of a certain house went down 40 percent. By what percent does the new price have to be increased in order to bring it back up to the original price?

A. 20%

B. 33* 1/3 %

C. 40%

D. 60%

E. 6 6 *2 /3 %

Answer: E

Source: Manhattan GMAT
Source: — Problem Solving |