The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $300, by what percent is the price to be reduced? Choose the correct choice from the following answers
A) 10% B) 15% C) 20% D) 60% E) 30%
price of a coat in a certain store = $500   the price of the coat is to be reduced by $300   % change = (Final Value - Initial Value)*100 / Initial Value   % Reduction= (Reduction in Price)*100 / Initial Value   i.e. % Reduction= (300)*100 / 500= 
<gadget id="calculator">(300)*100 / 500</gadget>
<output>60</output>
60%   Answer: Option 60%
<result>D</result>
The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $300, by what percent is the price to be reduced?