1. The price of a rare isotope increased by 25% in 2024, decreased by 20% in 2025, and then increased by 15% in 2026. If the final price at the end of 2026 is $\13,800, what was the price at the beginning of 2024?
A) $\10,000
B) $\11,500
C) $\12,000
D) $\12,500
Correct Answer: C
Let the initial price be P. <br> Successive changes: $P \\\times 1.25 \\\times 0.80 \\\times 1.15 = 13800$. <br> Note: $1.25 \\\times 0.80 = 1$. <br> So, $P \\\times 1 \\\times 1.15 = 13800 \\⇒ P = \\\frac{13800}{1.15} = 12000$.