Answer:
The price been reduced by a percentage of 40%
Explanation:
we know that
$39.95 -----> represent the 100%
so
The difference of prices is equal to ($39.95-$23.97)=$15.98
Using proportion
Find the percentage of the difference
100/39.95=x/15.98
x=100*15.98/39.95
x=40%