best taste made $6 billion worth of revenue this year. the total market for soft drinks is $32 billion. what…

best taste made $6 billion worth of revenue this year. the total market for soft drinks is $32 billion. what is best tastes market share? ?% round to the nearest tenth of a percent.

best taste made $6 billion worth of revenue this year. the total market for soft drinks is $32 billion. what is best tastes market share? ?% round to the nearest tenth of a percent.

Answer

Explanation:

Step1: Recall market - share formula

Market share = $\frac{\text{Company revenue}}{\text{Total market revenue}}\times100%$

Step2: Substitute given values

Company revenue = 6 billion, Total market revenue = 32 billion. So, market share = $\frac{6}{32}\times100%$

Step3: Calculate the fraction value

$\frac{6}{32}= 0.1875$, then $0.1875\times100% = 18.75%$

Step4: Round to nearest tenth

Rounding 18.75% to the nearest tenth gives 18.8%

Answer:

18.8%