The price of a jacket is reduced by 20%. During a special sale the price of the jacket is reduced another 25%. By approximately what percent must the price of the jacket now be increased in order to restore it to its original amount? Choose the correct choice from the following answers
A) 32.5 B) 35 C) 48.1 D) 65 E) 66.67

Rationale: "1 ) let the price of jacket initially be $ 100 . 2 ) then it is decreased by 20 % , therefore bringing down the price to $ 80 . 3 ) again it is further discounted by 25 % , therefore bringing down the price to $ 60 . 4 ) now 60 has to be added byx % in order to equal the original price . 60 + ( x % ) 60 = 100 . solving this eq for x , we get x = 66.67 ans is e ."
Answer: E