Question

Keller gets $2.50 per head of his market share. If the total market is 1.25 million people and his share 22% of that. How much dose Keller make

Answer 1

Therefore, Keller makes $687,500.

Explanation:

To calculate how much Keller makes, we need to multiply his market share by the total market size and then multiply that by the price per head.

First, let's find out how many people make up Keller's market share. Keller's market share is 22% of the total market, which consists of 1.25 million people. To calculate Keller's market share, we multiply the total market size by the market share percentage:

Market Share = Total Market Size * Market Share Percentage

Market Share = 1.25 million * 0.22

Market Share = 275,000

Now that we know Keller's market share is 275,000 people, we can calculate how much he makes by multiplying it by the price per head:

Keller's Earnings = Market Share * Price per Head

Keller's Earnings = 275,000 * $2.50

Keller's Earnings = $687,500

Answer 2

To calculate how much Keller makes, you can follow these steps:

1. Find Keller's share of the total market:

Keller's share = 22% of 1.25 million people

Keller's share = 0.22 * 1,250,000

Keller's share = 275,000 people

2. Calculate Keller's earnings:

Earnings per head = $2.50

Total earnings = Earnings per head * Keller's share

Total earnings = $2.50 * 275,000

Now, calculate the total earnings:

Total earnings = $687,500

So, Keller makes $687,500 from his market share.