## Related questions with answers

Question

The annual sales of dishwasher soap in an eleven-state region are estimated to be $90,000,000 a year. The Blair Company expects its brand of dishwasher soap to have ann ual sales of$8,670,000. What market share, to the nearest tenth of a percent, does Blair expect to have?

Solution

VerifiedStep 1

1 of 2$\$8,670,000 \div \$90,000,000=0.096=9.6\%$

The market share is the expected sales divided by the total sales.

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