Changing Prices

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The cost of an item offered by Company A increased by 15 percent while the cost of that item offered by Company B decreased by 15 percent. The reduced price of Company B's item was what percent of the original price of Company A's item?

(1) The increased price of Company A's item was equal to the original price of Company B's item.

(2) The amount of increase in the price of Company A's item was the amount of decrease in the price of Company B's item.