Answer: 93.75%
Step-by-step explanation: We can assume any price and find the percentage change. I'll choose $100, since it is easy to work with.
The first 25% reduction means we subtract $25 from the $100, for a sales price of $75. We then increase the sales price by 25% (1.25*75) = $93.75.
$93.75/$100 = 93.75% of the original price