Question

Lovena sells to onyeka at a gain of 20%.onyeka sells to belema at the price lovena paid.what does onyeka lose as a percentage ?

Answer 1

Answer:

missing options to your question

A. 20.67%

B. 17.67%

C. 16.67%

D. 15.67%

E. 14.57%

answer : 20.67%  ( A )

Step-by-step explanation:

lets assume

Lovena paid = $100

Lovena sold to Onyeka at  20% gain therefore selling price = $100 + ( 20% * $100 )  = $100 + $20 = $120

Hence Onyeka paid = $120

Onyeka selling at Lovena price = $100 means that he made a loss of 20%

Lovena makes a gain of 20% when she sells to Onyeka

This means that Lovena paid ; 100% - 20% for the good i.e. 80%

If Onyeka sells to Belema at the price at which Lovena bought i.e. 80%

hence he makes a lose of ≈ 20%