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The price of a coat in a certain store

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by boomgoesthegmat » Mon Apr 25, 2016 2:28 pm
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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?

A) 10%
B) 15%
C) 20%
D) 25%
E) 30%

Answer: E
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by [email protected] » Mon Apr 25, 2016 4:01 pm
Hi boomgoesthegmat,

This is an example of a straight-forward Percentage Change question, so we'll need to use the Percentage Change Formula:

Percent Change = (new-old)/old = difference/original

We're asked for the percent decrease of a coat that has an original price of $500 and a reduced price of $350.

(350-500)/500 = -150/500 = -3/10 = -30%

So the price of the coat was reduced by 30%

Final Answer: E

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by OptimusPrep » Mon Apr 25, 2016 8:18 pm
boomgoesthegmat wrote: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?

A) 10%
B) 15%
C) 20%
D) 25%
E) 30%

Answer: E
Original price = 500
Discounted price = 350

Percentage discount = 150/500*100 = 30% {discount/original price *100}
Correct Option: E

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by Matt@VeritasPrep » Wed Apr 27, 2016 2:19 pm
150/500 = p/100, where p is the percent we want

100*150 = 500p

10*15 = 5p

30 = p
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by ca7ch22 » Sun Mar 03, 2019 3:11 pm
[1] Equation

$$Percent Change = \frac{Change\ Value}{Original\ Value}$$

[2] Solve

Change Value = 150 (price reduced by $150)

Original Value = 500

$$Percent Change = \frac{150}{500} $$

Percent Change = 30%
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by Scott@TargetTestPrep » Wed Mar 06, 2019 6:53 pm
boomgoesthegmat wrote: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?

A) 10%
B) 15%
C) 20%
D) 25%
E) 30%

Answer: E
We are given that the price of a coat is $500, and that the price is reduced by $150. Thus, the price is reduced by:

150/500 x 100 = 3/10 x 100 = 30 percent

Answer: E

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by SampathKp » Wed Dec 18, 2019 7:57 pm
boomgoesthegmat wrote: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?

A) 10%
B) 15%
C) 20%
D) 25%
E) 30%

Answer: E
150/500* 100 = 30% decrease from $ 500

Answer is E
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