Teacher:In this task, you need to answer the given multiple-choice question on the general math. Classify your answers into 'a', 'b', 'c', 'd', and 'e'.
Teacher: Now, understand the problem? Solve this instance: Problem: the price of a certain product increased by the same percent from 1960 to 1970 as from 1970 to 1980 . if its price of $ 1.20 in 1970 was 150 percent of its price in 1960 , what was its price in 1980 ?
Options: a ) $ 1.80 , b ) $ 2.00 , c ) $ 2.40 , d ) $ 2.70 , e ) $ 3.00
Student:
a