The price of a coat in a certain store is $500. If the price of the coat is to be reduced by $150, by what percent is the price to be reduced?
Choose the correct choice:
A) 10%
B) 15%
C) 20%
D) 25%
E) 30%
price of a coat in a certain store = $500   the price of the coat is to be reduced by $150   % change = (Final Value - Initial Value)*100 / Initial Value   % Reduction= (Reduction in Price)*100 / Initial Value   i.e. % Reduction= (150)*100 / 500= 
<gadget id="calculator">(150)*100 / 500</gadget>
<output>30</output>
30%   Answer: Option 30%
<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 $150, by what percent is the price to be reduced?