At the start of the fall shopping season, a pair of boots cost $700. By the end of the season, the price was reduced to $420. If you waited to purchase the boots at the lower price, what percentage of the original price will you have paid?	Options.
A) 25%	B) 33%	C) 50%	D) 60%	E) 75%
A certain percentage of questions in the Quant section of the GMAT are just 'math questions' - you'll use a formula, do some calculations and you'll have the answer. This is one of those types of questions. You still have to write everything down and stay organized, but the work involved is relatively straight-forward.   Here, we're told that the original price of the boots is $700 but that the purchase price is $420. We're asked what PERCENTAGE OF the original price is the purchase price.   Original Price = $700   Purchase Price = $420   The percentage of the original price of the boots:   $420/$700 = 3/5 = 60%   60%
<result>D</result>
At the start of the fall shopping season, a pair of boots cost $700. By the end of the season, the price was reduced to $420. If you waited to purchase the boots at the lower price, what percentage of the original price will you have paid?