Answer:
No, it didn't return to the same price
Step-by-step explanation:
Let the initial stock price be 100
When it increased by 60%, it went to:
60% = 60/100 = 0.6
0.6 * 100 = 60
100 + 60 = 160
Then, from 160, it decreased by 60%, so it went to:
60% = 0.6
So,
0.6 * 160 = 96
Now,
160 - 96 = 64
So final price is 64. So, it didn't go back to original (100).
