The original price of a car was $25,000. Because the car owner thought he could get more money for the car, he set a new price by increasing the original price of the car by 5%. After a week, the car had not sold, so the owner discounted the new price by 5%, and the car was finally sold. What price was the car sold for?	Choose the correct choice from the following answers.
A) $24,937.50
B) $24,948.50
C) $24,954.50
D) $24,958.50
E) $24,963.50
The car was sold for (0.95)(1.05)($25000)=$24,937.50   The answer is $24,937.50.
<result>A</result>
The original price of a car was $25,000. Because the car owner thought he could get more money for the car, he set a new price by increasing the original price of the car by 5%. After a week, the car had not sold, so the owner discounted the new price by 5%, and the car was finally sold. What price was the car sold for?