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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.

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. Do not include the percent sign in your answer. For example, if your answer is 15.57%, enter 16.

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