At the end of the first quarter, the share price of a certain mutual fund was 20 percent higher than it was at the beginning of the year. At the end of the second quarter, the share price was 50 percent higher than it was at the beginning of the year. What was the percent increase in the share price from the end of the first quarter to the end of the second quarter?  Choose the correct answer:
A) 20 %
B) 25 %
C) 30 %
D) 33 %
E) 40 %

Rationale: say price at the beginning of year = 100 end of 1 st quarter = 100 + 20 = 120 end of 2 nd quarter = 100 + 50 = 150 percentage increase between 1 st & 2 nd quarter = 150 − 120 / 120 ∗ 100 = 25 answer = b
Answer: B