The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $300, by what percent is the price to be reduced?
Choose the correct answer
A) 10 % B) 15 % C) 20 % D) 60 % E) 30 %

Rationale: price of a coat in a certain store = $ 500 the price of the coat is to be reduced by $ 300 % change = ( final value - initial value ) * 100 / initial value % reduction = ( reduction in price ) * 100 / initial value i . e . % reduction = ( 300 ) * 100 / 500 = 60 % answer : option d
Answer: D