117k views
1 vote
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.

User Djot
by
8.8k points

1 Answer

5 votes

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%

User Michal Kopec
by
8.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories