A stock valued at $75 decreased by 20% and then increased by 20%. What was the value of the stock after the increase?
A) $75
B) $72
C) $60
D) $90
E) $80

Name: A stock valued at $75 decreased by 20% and then increased by 20%. What was the value of the stock after the increase? A) $75 B) $72 C) $60 D) $90 E) $80
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Question

Quizplus · Accepted Answer

The stock first decreased by 20% of $75, which is $15, making it $60. Then it increased by 20% of $60, which is $12, making the final value $72.

A Stock Valued at $75 Decreased by 20% and Then