Yearly subscription to professional magazines cost a company $940.00. To Make a 50% cut in the magazine budget, how much less must be spent? Choose the most appropriate option.
A) 654 B) 655 C) 656 D) 657 E) 470

Rationale: "total cost 940 940 * 50 / 100 = 470 so the cut in amount is 470 the less amount to be spend is 940 - 470 = 470 answer : e"
Answer: E