
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
An item originally costs $120. It undergoes a price decrease by $15\%$. What percentage increase is needed on this reduced price to bring it back to its original price?
**A)** 15%
**B)** 16.67%
**C)** 17.647%
**D)** 18.35%
**E)** 20%

Present the answer in LaTex format: \boxed{Your answer}
user