Question

Future Sporting Goods has a market-share factor of 25% of the retail business in Martin County. The total estimated sporting goods business in the county for next year is $15,430,000. What sales can the sporting goods company forecast for itself for next year?

Answer 1

Sales of $3857500 the sporting company can forecast for next year.

Explanation:

Future Sporting Goods has a market-share of 25% of retail business in Martin County.

Total estimated size of sporting goods business in the county for next year is = $15430000

So we have to find company's forecast for itself for next year.

Since size of sporting goods business is = $15430000 and the expected share of business by the company as every year is 25%.

So expected sales = Total business × 25%

= $15430000 ×
`(25)/(100)`

= $3857500

Therefore, sales of $3857500 the sporting company can forecast for the next year.

Answer 2

multiply 15430000 by 25%

25% = 0.25

15430000 x 0.25 = 3,857,500