The cost of an item was reduced from its usual selling price of $23.99 to $15.99. Which of the following is closest to the percent decrease in the price of the item?	Choose the correct choice from the following options:
A) 17% B) 21% C) 24% D) 25% E) 33%
The price decreased by 23.99 - 15.99= 
<gadget id="calculator">23.99 - 15.99</gadget>
<output>8</output>
$8.   $8 is a bit more than 33% of original price of $24.   Answer: 33%.
<result>E</result>
The cost of an item was reduced from its usual selling price of $23.99 to $15.99. Which of the following is closest to the percent decrease in the price of the item?