SOLUTION: The current value of a stock is 20% less than its value when it was purchased. By what percent must the current value of the stock rise in order for the stock to have its original

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Question 304525: The current value of a stock is 20% less than its value when it was purchased. By what percent must the current value of the stock rise in order for the stock to have its original value?
(A) 20% (B) 25% (C) 30% (D) 331/3% (E) 50%
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
x-.20x=.8x reduced value.
1/.80=1.25 or .25 or 25% increase to obtain original value.