A $77.95 lawn chair was sold for $59.95 at a special sale. By approximately what percent was the price decreased? Choose the correct option
A) 15 % B) 23 % C) 25 % D) 60 % E) 80 %

Rationale: "listed selling price of chair = 77.95 $ discounted selling price of chair = 59.95 $ discount = 77.95 - 59.95 = 18 $ % decrease in price of chair = ( 18 / 77.95 ) * 100 % = 23 % approx answer b"
Answer: B