The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $200, by what percent is the price to be reduced?	Choose the correct option.
A) 10 %  B) 15 %  C) 20 %  D) 25 %  E) 40 %

Rationale: "price of a coat in a certain store = $ 500 the price of the coat is to be reduced by $ 200 % change = ( final value - initial value ) * 100 / initial value % reduction = ( reduction in price ) * 100 / initial value i . e . % reduction = ( 200 ) * 100 / 500 = 40 % answer : option e"
Answer: E