If the price of a certain bond on May 1st was 3/4 the price of the bond on June 1st and the price of the bond on July 1st was 50% greater than the price of the bond on May 1st. then the price of the bond on June 1st st was what percent of the average (arithmetic mean) price of the bond on May 1st and July 1st?	Choose the correct choice from the following:  A) 50%  B) 114.28%  C) 120%  D) 133 1/3%  E) 150%
The price on June 1st = 12 (assume);   The price on May 1st = 3/4*12= 
<gadget id="calculator">3/4*12</gadget>
<output>9</output>
9;   The price on July 1st= 8*1.5= 
<gadget id="calculator">8*1.5</gadget>
<output>12</output>
12.   The average price of the bond on May 1st and July 1st= (9+12)/2 = 10.5.   The price of the bond on June 1st (12) is 24/21 times (114.28%) the average price of the bond on May 1st and July 1st.   Answer: 114.28%.
<result>B</result>
If the price of a certain bond on May 1st was 3/4 the price of the bond on June 1st and the price of the bond on July 1st was 50% greater than the price of the bond on May 1st. then the price of the bond on June 1st st was what percent of the average (arithmetic mean) price of the bond on May 1st and July 1st?