Question

10 The total size of a market in terms of annual sales revenue is £3 270 000. The table below shows the annual sales revenue of 3 major suppliers to this market. Business Annual Sales Revenue Business X £570 000 Business Y £473 000 Business Z £378 000 Which one of the following represents the market share of Business Y, to two decimal places?

Answer 1

answer: ᴀɴᴏ ᴘᴏ ʏᴀɴ ɴᴀ sᴜʙᴊᴇᴄᴛ

Answer 2

The market share of Business Y, to two decimal places is $14.46\%$

Explanation:

Given: Total size (annual sales revenue ) of a market$= 3 270 000$

Business      Annual Sales Revenue

    X                  $570 000$

    Y                  $473 000$

    Z                  $378 000$

Market share of Business Y $=\frac{Annual\;Sales\;Revenue\;of\;Bu\sin ess\;Y}{Total\;Annual\;Sales\;Revenue\;of\;market}\times100$

Market share of Business Y $=\frac{473000}{3270000}\times100$  

Market share of Business Y $=14.46\%$