Question

In the year 2010, the luxury bike industry had two
bike manufacturers—Splendor and Passion with
market shares of 30% and 70%, respectively. In
2011, the overall market for the product increased
by 20% and a new player Yamaha also entered the
market and captured 10% of the market share. If we
know that the market share of Splendor increased to
40% in the second year, the share of Passion in that
year was

Answer 1

Answer:

Share of Passion in 2011 market is 50%.

Step-by-step explanation:

In 2010, market shares of :

• Splendor = 30%
• Passion = 70%

In 2011, market shares of :

• Splendor = 40%
• Yamaha = 10%
• Passion = ??

Share of Passion in 2011 =

$\longrightarrow$ 100 - (40 + 50)

$\longrightarrow$ 100 - 50

$\longrightarrow$ 50 %

Share of Passion = 50%

Therefore, share of Passion in 2011 market is 50%.

Answer 2

Given :-

In  the year 2010, the luxury bike industry had two  bike manufacturers—Splendor and Passion with  market shares of 30% and 70%, respectively. In  2011, the overall market for the product increased  by 20% and a new player Yamaha also entered the  market and captured 10% of the market share. If we  know that the market share of Splendor increased to  40% in the second year

To Find :-

Share of passion

Solution :-

At first finding the sum of Splendor and Yamaha

Sum = 40 + 50

Sum = 90

Now

Share of Passion = 100 - 90

Share of Passion = 10&