Question

LTS Company estimates it has a 17% share of the market for office desk lamps in the metropolitan area. Estimated sales for desk lamps for the market for the coming year are $1,320,000. What is LTS Company’s projected sales?

Answer 1

Hi there

LTS Company’s projected sales
1,320,000×0.17=224,400

Answer 2

LTS Company’s projected sales = $224,400

Explanation:

Estimated sales for desk lamps = $1320000

LTS company market share = 17% = 17/100 = 0.17

Now multiply $1,320, 000 by 0.17 to find the LTS company's projected sales.

1320000 x 0.17 = $224,400

Hope this will helpful.

Thank you.