The Price of a $5

Multiple Choice

The price of a $5.00 hat is increased 20% to $6.00, then later, the hat is reduced back down to $5.00. Which of the following is a true statement?

A) The percent of decrease is the same as the percent of increase.
B) The percent of decrease is less than the percent of increase.
C) The percent of decrease is more than the percent of increase.
D) The percent of increase followed by a percent of decrease cannot always be determined.