After its initial offering, the price of a stock increased by 20% in the first year, decreased by 25% in the second year, then increased by 10% in the third year. What was the net change in the stock price over the entire three-year period?
A. It increased by 5%.
B. It increased by 1%.
C. It decreased by 1%.
D. It decreased by 5%.
Answer:C
After its initial offering, the price of a stock increased by 20% in the first year, decreased by 25% in the second year, then increased by 10% in the third year. What was the net change in the stock price over the entire three-year period?
A. It increased by 5%. B. It increased by 1%. C. It decreased by 1%. D. It decreased by 5%.
Explanation: C