A department store perceived a run on a lower priced garment and raised the price by 20% to keep stock available until another shipment arrived. Customers fumed and the department store manager allowed them to purchase the garments at 80% of the new price to save face. What was the difference in the new retail price and the price the customers were allowed to pay instead?  Choose the correct answer:	A) 4.0%	B) 5.0%	C) 6.0%	D) 7.0%	E) 8.0%
Quantity X Rate = Price   1 X 1 = 1   0.8 X 1.20 = 0.960   Decrease in price = (0.040/1) Ã— 100 = 4.0%   4.0%nswer = Option 4.0%
<result>A</result>
A department store perceived a run on a lower priced garment and raised the price by 20% to keep stock available until another shipment arrived. Customers fumed and the department store manager allowed them to purchase the garments at 80% of the new price to save face. What was the difference in the new retail price and the price the customers were allowed to pay instead?