Step 1: Calculate the effective prestressing force.
Loss of prestress
\[
=20\%.
\]
Hence,
\[
P_e=300(1-0.20)=240\,\mathrm{kN}.
\]
Step 2: Calculate the effective compressive stress.
\[
\sigma=\frac{P_e}{A}
=\frac{240\times10^3}{15000}
=16\,\mathrm{N/mm^2}
=16\,\mathrm{MPa}.
\]
Hence,
\[
\boxed{16\,\mathrm{MPa}}
\]
is the correct answer.