Final answer:
Teddy makes a 20% loss when selling the game for £16 after buying it for £20.
Explanation:
The percentage loss Teddy makes can be calculated as follows:
- Calculate the difference between the buying price and the selling price: £20 - £16 = £4.
- Calculate the loss percentage: (£4 / £20) x 100% = 20%.
Therefore, Teddy makes a 20% loss when he sells the game for £16 after buying it for £20.
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