Until this coming April, the price of all Albanian products will equal their gross price plus a tax of 20 percent. By

Until this coming April, the price of all Albanian products will equal their gross price plus a tax of 20 percent. By what percentage do we expect the retail price of Albanian cheese to change after April?

(1) This April, the gross price of Albanian cheese will increase by 20 percent.
(2) This April, the tax on Albanian products will change to 25 percent of the gross price.

Answer: C

Source: Economist

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