The price of copper has steadily declined by 25% for the past 8 months, but analysts predict an increase of 14% in its price in the next 2 months. This will bring its price to $54.What was the price of copper 8 months ago. Choose one.
A) 65.2  B) 76.2  C) 63.4  D) 66.6  E) 78.1
-25+14-(25*14)/100=-14.5% net decrease   let initial price be Y   Y(1-14.5/100)=54   Y=54/0.855 = ~63.4   Ans is 63.4)
<result>C</result>
The price of copper has steadily declined by 25% for the past 8 months, but analysts predict an increase of 14% in its price in the next 2 months. This will bring its price to $54.What was the price of copper 8 months ago.