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Longwood Photo and Hobby sold $465,000 worth of digital cameras last year. The total market for these cameras was $2,560,000. What market share did Longwood’s command? (Round to…
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Longwood Photo and Hobby sold $465,000 worth of digital cameras last year. The total market for these cameras was $2,560,000. What market share did Longwood’s command? (Round to…
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Dec 22, 2017
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Longwood Photo and Hobby sold $465,000 worth of digital cameras last year. The total market for these cameras was $2,560,000. What market share did Longwood’s command? (Round to the nearest tenth of a percent.)
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The answer is 18.2% and I got that by 465,000/2,560,000 which equals 0.18164. After that round it up to 18.2%.
Netorica
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Dec 29, 2017
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