Question

If total sales in the ice cream category were $4.4 billion and Breyer’s sales were $650,417,792, what would be its market share? Round your answer to the tenth decimal place.

Answer 1

14.8%

Explanation:

The formula for market share = Total sales of the company at a particular period/ Total sales of the market × 100%

Total sales of the company = Breyer's sales = $650,417,792

Total sales of the market = Total sales in the ice cream category market = $4.4 billion

= $650,417,792/ $4,400,000,000, × 100

= 14.782222545%

Therefore, approximately to the nearest tenth, Breyer's market share is 14.8 %