The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $250, by what percent is the price to be reduced?	Choose the correct choice from the following answers:  A) 10%  B) 15%  C) 50%  D) 25%  E) 30%
price of a coat in a certain store = $500   the price of the coat is to be reduced by $250   % change = (Final Value - Initial Value)*100 / Initial Value   % Reduction= (Reduction in Price)*100 / Initial Value   i.e. % Reduction= (250)*100 / 500= 
<gadget id="calculator">(250)*100 / 500</gadget>
<output>50</output>
50%   Answer: Option 50%
<result>C</result>
The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $250, by what percent is the price to be reduced?