The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $400, by what percent is the price to be reduced?
Choose the correct option.
A) 10%  B) 15%  C) 20%  D) 25%  E) 80%
price of a coat in a certain store = $500   the price of the coat is to be reduced by $400   % change = (Final Value - Initial Value)*100 / Initial Value   % Reduction= (Reduction in Price)*100 / Initial Value   i.e. % Reduction= (400)*100 / 500= 
<gadget id="calculator">(400)*100 / 500</gadget>
<output>80</output>
80%   Answer: Option 80%
<result>E</result>
The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $400, by what percent is the price to be reduced?