Given the task definition and input, reply with output. You are given a math word problem and you are supposed to make use of mathematical concepts like probability, combinatorics, linear equations, sequences/series, or simple operators like addition, subtraction, division, or multiplication to answer the given question. Choose the best option from the 5 given options and report that option.

Question: Yearly subscription to professional magazines cost a company $940.00. To Make a 35% cut in the magazine budget, how much less must be spent?

Option A: 654

Option B: 655

Option C: 611

Option D: 657

Option E: 658
Option C