Question

A phone salesman purchases 100 phones for $2,500. A new model then becomes available, meaning he is forced to sell each phone for $20 each. What is his percentage loss? Round your answer to the nearest whole percent.

Answer 1

he'd lose 20%

Explanation:

$2500÷100=$25

here $5 is equivalent to 20%

if he used to sell each phone for $25 and now he sells them for $20 he loses 20%