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nika2105 [10]
2 years ago
14

Acme corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). emca corporation curren

tly has a 17% market share in that same industry. what is the sales revenue for acme? (round your answer to 2 decimal places) $ 3.00 billion what is the sales revenue for emca? (round your answer to 2 decimal places) $ 2.55 billion calculate the difference (as a percentage) in market share for these two firms.
Business
1 answer:
denpristay [2]2 years ago
3 1
Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%

Acme market share in form of sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions

Emca market share in form of sales:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions

Difference between the market shares for two companies as a percentage:
Difference = |20%-17%| = 3% of $20 billion
Guest
1 year ago
you say (20/100)*20=3 but 20 divided by 100 is 0.2. 0.2 times 20 is 4. 4=/= 3
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