The cost of an item was reduced from its usual selling price of $23.99 to $16.99. Which of the following is closest to the percent decrease in the price of the item?
Choose the correct choice from the following choices:
A) 17% B) 21% C) 24% D) 29% E) 42%
The price decreased by 23.99 - 16.99= 
<gadget id="calculator">23.99 - 16.99</gadget>
<output>7</output>
$7.   $7 is a bit more than 29% of original price of $24.   Answer: 29%.
<result>D</result>
The cost of an item was reduced from its usual selling price of $23.99 to $16.99. Which of the following is closest to the percent decrease in the price of the item?