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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The price of a coat in a certain store
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boomgoesthegmat
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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
GMAT assassins aren't born, they're made,
Rich
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
GMAT assassins aren't born, they're made,
Rich
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OptimusPrep
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Original price = 500boomgoesthegmat 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
Discounted price = 350
Percentage discount = 150/500*100 = 30% {discount/original price *100}
Correct Option: E
Is there any particular step in which you are facing difficulty?
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Matt@VeritasPrep
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150/500 = p/100, where p is the percent we want
100*150 = 500p
10*15 = 5p
30 = p
100*150 = 500p
10*15 = 5p
30 = p
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Scott@TargetTestPrep
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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: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 x 100 = 3/10 x 100 = 30 percent
Answer: E
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150/500* 100 = 30% decrease from $ 500boomgoesthegmat 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
Answer is E
