The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $200, by what percent is the price to be reduced?	Choose the correct choice from the following choices
A) 10%	B) 15%	C) 20%	D) 25%	E) 40%
price of a coat in a certain store = $500   the price of the coat is to be reduced by $200   % change = (Final Value - Initial Value)*100 / Initial Value   % Reduction= (Reduction in Price)*100 / Initial Value   i.e. % Reduction= (200)*100 / 500= 
<gadget id="calculator">(200)*100 / 500</gadget>
<output>40</output>
40%   Answer: Option 40%
<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 $200, by what percent is the price to be reduced?