The cost of an item was reduced from its usual selling price of $23.99 to $20.99. Which of the following is closest to the percent decrease in the price of the item?
Options: A) 12% B) 21% C) 24% D) 25% E) 42%
The price decreased by 23.99 - 20.99= 
<gadget id="calculator">23.99 - 20.99</gadget>
<output>3</output>
$3.   $3 is a bit more than 12% of original price of $24.   12%nswer: 12%.
<result>A</result>
The cost of an item was reduced from its usual selling price of $23.99 to $20.99. Which of the following is closest to the percent decrease in the price of the item?