At the end of the first quarter, the share price of a certain mutual fund was 25 percent higher than it was at the beginning of the year. At the end of the second quarter, the share price was 55 percent higher than it was at the beginning of the year. What was the percent increase in the share price from the end of the first quarter to the end of the second quarter?
Pick one
A) 24% B) 25% C) 30% D) 33% E) 40%
24%nother method is to use the formula for 2 successive percentage changes:   Total = a + b + ab/100   55 = 25 + b + 25b/100   b = 24   24%nswer (24%)
<result>A</result>
At the end of the first quarter, the share price of a certain mutual fund was 25 percent higher than it was at the beginning of the year. At the end of the second quarter, the share price was 55 percent higher than it was at the beginning of the year. What was the percent increase in the share price from the end of the first quarter to the end of the second quarter?