Question

The price of a stock decreased by $20\%$ in 2001, and then decreased by $20\%$ in 2002. What percent increase in 2003 will restore the price to its value at the beginning of 2001? Express your answer to the nearest hundredth.

Answer 1

2001—80/100 x
2002— 64/100 x
now we need to get x from 64/100 x