Question

The market share of iPhones was 5.76 per cent last year and it was 10.26 per cent this year. What is the rate of growth of market share?​

Answer 1

Answer:

15.68 cent ok ye have a good day

Answer 2

Given:

The market share of iPhones last year=5.76%

The market share of iPhones this year=10.26%

To find:

The rate of growth of market share

Solution:

The rate of growth of market share is 78.12%.

We can find the growth by following the given steps-

We know that the growth can be obtained by dividing the difference between the two market shares by the market share of the previous year and multiplying it with 100.

So, the rate of growth of market share=(Market share of this year- market share of the previous year)/Market share of previous year×100

The rate of growth is the increase in the market share this year as compared to the market share last year.

The market share of iPhones last year=5.76%

And the market share of iPhones this year=10.26%

On putting these values, we get

Rate of growth of market share=(10.26-5.76)/5.76×100

=4.5×100/5.76

=450/5.76

=45000/576

=78.12%

Therefore, the rate of growth of market share is 78.12%.