Question

PLEASEEEEEEESE! thanks! During a company's first full year in business, the price of oil increased $50. In the second year of business, the price of oil went down $50\%$ from its price at the beginning of that year. Its price at the end of the second year is what percent of its price at the beginning of the first year?

Answer 1

75

Explanation:

Let the initial cost of oil be x. After the first year, the price of oil is 1.5x. After the second year, the price of oil is 0.5 ∙ 1.5x = 0.75x.

This is 75 percent of its price at the beginning of the first year.

Answer 2

the actual answer is 75 percent of its price

Explanation: