The price of an item was first increased by 25% and then again by 25%. The resulting price is now reduced by 50%. Is net change in the value of an object?

The price of an item was first increased by 25% and then again by 25%.

1.	The price of an item was first increased by 25% and then again by 25%. The resulting price is now reduced by 50%. Is net change in the value of an object?
A.	21.875% less
B.	No change
C.	22.255% less
D.	21.125% increase
Answer» B. No change