A: The stock price at the end of 2007 was x. Its price dropped by x% in 2008 and then increased by x% in 2009, a total of x + x + x = 126. The percent of the stockâ€TMs 2007 starting price was 126/x. The answer is (B).
Answer the following multiple choice question with options (a), (b), (c), (d), (e) by reasoning step-by-step.
Q:From the beginning to the end of 2007, the price of a stock rose 20 percent. In 2008, it dropped 25 percent. In 2009, it rose 40 percent. What percent of the stockâ€™s 2007 starting price was the price of the stock at the end of 2009? Answer Choices: A)80 B)126 C)95 D)100 E)108