After the $15 \%$ loss, Tammy has $100 \cdot 0.85 = 85$ dollars. After the $20 \%$ gain, she has $85 \cdot 1.2 = 102$ dollars. This is an increase in $2$ dollars from her original $100$ dollars, a $\boxed{\textbf{(D)}\ 2 \%\ \text{gain}}$.
In $2005$ Tycoon Tammy invested $100$ dollars for two years. During the first year
her investment suffered a $15\%$ loss, but during the second year the remaining
investment showed a $20\%$ gain. Over the two-year period, what was the change
in Tammy's investment?
$\textbf{(A)}\  5\%\text{ loss}\qquad \textbf{(B)}\ 2\%\text{ loss}\qquad \textbf{(C)}\ 1\%\text{ gain}\qquad \textbf{(D)}\ 2\% \text{ gain} \qquad \textbf{(E)}\  5\%\text{ gain}$