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.

Question

Mathematics

Theodore Dominguez

21 January, 09:59

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.

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Answers (1)

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Jovany Weber · Answer 1

he'd lose 20%

Step-by-step 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%