The price of a stock increased by 10% in June. It declined by 20% in July. The price went up by 20% in August. What is the percentage change in stock price from the beginning of June to the end of August?

The price of a stock increased by 10% in June. It declined by 20% in July. The price went up by 20% in August. What is the percentage change in stock price from the beginning of June to the end of August?

A 5.6

B 6.4

C 7.2

D none of this

Solution

Correct Answer: Option A