
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
In recent years, competition in the mobile phone market has been extremely fierce. The retail price of a certain model from a particular brand dropped by 15% in 2005 compared to 2004. To ensure its market share, the manufacturer plans to reduce its retail price in 2006 by at least 25% compared to 2004. What is the minimum percentage the retail price needs to be reduced in 2006 based on the price in 2005? (Round to the nearest 0.1%).

Present the answer in LaTex format: \boxed{Your answer}
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