medium · GMAT Quant
A financial portfolio's value increased by 20 percent in the first quarter and then decreased by 25 percent in the second quarter.
If the final value of the portfolio at the end of the second quarter was $108,000, what was the initial value of the portfolio at the start of the first quarter?
- $120,000
- $113,400
- $100,000
- $115,000
- $135,000
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