easy peasy lawn made $8 billion worth of revenue on lawn mowers this year. the total market for lawn mowers…

easy peasy lawn made $8 billion worth of revenue on lawn mowers this year. the total market for lawn mowers is $25 billion. what is easy peasy lawns market share? ?% round to the nearest tenth of a percent.

easy peasy lawn made $8 billion worth of revenue on lawn mowers this year. the total market for lawn mowers is $25 billion. what is easy peasy lawns market share? ?% round to the nearest tenth of a percent.

Answer

Explanation:

Step1: Recall market - share formula

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

Step2: Substitute given values

Company's revenue = 8 billion, Total market revenue = 25 billion. So, Market share = $\frac{8}{25}\times100%$

Step3: Calculate the result

$\frac{8}{25}\times100%=8\times4% = 32.0%$

Answer:

32.0%