Question

ABC inc has 60 million in sales. The entire market is valued at 150 million. What is ABC inc's market share?

1) 20%
2) 25%
3) 40%
4) 60%

Answer 1

ABC inc's market share is 40%.

Step-by-step explanation:

To calculate ABC inc's market share, we need to divide their sales by the total market value and then multiply by 100 to get a percentage. In this case, ABC inc's market share is calculated as (60 million / 150 million) * 100 = 40%. Therefore, the correct answer is option 3) 40%.