bubble fizz made $845 million worth of revenue this year. the total market for soft drinks is $32 billion…

bubble fizz made $845 million worth of revenue this year. the total market for soft drinks is $32 billion. what is bubble fizzs market share?\n?%\nround to the nearest tenth of a percent.

bubble fizz made $845 million worth of revenue this year. the total market for soft drinks is $32 billion. what is bubble fizzs market share?\n?%\nround to the nearest tenth of a percent.

Answer

Explanation:

Step1: Convert values to same unit

1 billion = 1000 million, so $32$ billion = $32\times1000 = 32000$ million.

Step2: Calculate market - share formula

Market - share = $\frac{\text{Company revenue}}{\text{Total market revenue}}\times100%$. Substitute the values: $\frac{845}{32000}\times100%$.

Step3: Perform the calculation

$\frac{845\times100}{32000}=\frac{84500}{32000}= 2.640625%$.

Step4: Round to nearest tenth

Rounding $2.640625%$ to the nearest tenth gives $2.6%$.

Answer:

$2.6%$