Following the approval of crude oil production cuts by OPEC, the price of crude which has slumped by 28% in the last 3 months is expected to rally and increase by about 5% in the next one month. This will bring the price of crude oil to $60.  Choices.
A) 79.4	B) 75.1	C) 80.7	D) 68.3	E) 89.6
-28+5-(28*5)/100=-24.4% net decrease   let initial price be Y   Y(1-24.4/100)=60   Y=60/0.756 = ~79.4   79.4ns is 79.4)
<result>A</result>
Following the approval of crude oil production cuts by OPEC, the price of crude which has slumped by 28% in the last 3 months is expected to rally and increase by about 5% in the next one month. This will bring the price of crude oil to $60.