We can then leave out answer of a fraction, divide it out to produce a decimal,

Question

We can then leave out answer of a fraction, divide it out to produce a decimal, or multiply that decimal by 100 to create a percentage change. 30/460 times 100 = 0.0652 times 100 = 6.52% We can interpret the above by saying that the labor force as a percentage of the overall adult population grew by 6.52% over the relevant time period. ACME corporation currently has a 20% market share m o $15 billion industry (measured by series revenue) EMCA corporation currently has a 17% marker share in that same industry What is the sales revenue for ACME' (round your answer to 2 decimal places) $ billion What is the sales revenue for EMCA? (round your answer to 2 decimal places) $ billion Calculate the difference (as a percentage) in market share for these two firms %

Explanation / Answer

ACME has 20% market share in a $15 billion industry, so its sales revenue is $15 billion * 0.20 = $3.00 billion
EMCA has 17% market share in a $15 billion industry, so its sales revenue is $15 billion * 0.17 = $2.55 billion
Difference in market share is just difference in numerical percentage, 20% - 17% = 3%

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.