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Profit From Sale: Ronald's Stock

ACTMAT-YGKA5K

Ronald bought 50 shares of stock in a company at \$8 per share and immediately the price per share went down by 25%.

By which percentage should the price of the share go up so that Ronald's stock is worth 10% more than when he initially bought it?

A

$35\%$

B

$15\%$

C

$40\%$

D

$53.33\%$

E

$46.67\%$