A share price starts at GBP 200, rises by 25%, and then falls by 25% of its new value. What is the price after both changes?
Answer and explanation
Correct answer: B. GBP 187.50
- Step 1: After the rise: 200 x 1.25 = 250. Step 2. After the fall: 250 x 0.75 = 187.5 pounds. Answer: GBP 187.50. Why not the others: GBP 200.00 treats the changes as a net 0% on the starting price; GBP 250.00 stops after the rise; GBP 225.00 takes off 25 pounds instead of 25%.
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