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%
