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In a pie chart representing the market share of four companies, Company A has 25

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Question: In a pie chart representing the market share of four companies, Company A has 25% of the market. If the total market size is $1 million, how much does Company A earn?

Options:

  1. $250,000
  2. $300,000
  3. $400,000
  4. $500,000

Correct Answer: $250,000

Solution:

Company A\'s earnings = 25% of $1 million = $250,000.

In a pie chart representing the market share of four companies, Company A has 25

Practice Questions

Q1
In a pie chart representing the market share of four companies, Company A has 25% of the market. If the total market size is $1 million, how much does Company A earn?
  1. $250,000
  2. $300,000
  3. $400,000
  4. $500,000

Questions & Step-by-Step Solutions

In a pie chart representing the market share of four companies, Company A has 25% of the market. If the total market size is $1 million, how much does Company A earn?
  • Step 1: Understand that 25% means 25 out of every 100 parts.
  • Step 2: Know that the total market size is $1 million.
  • Step 3: Calculate 25% of $1 million by multiplying 0.25 (which is 25% in decimal) by $1 million.
  • Step 4: Perform the multiplication: 0.25 * 1,000,000 = 250,000.
  • Step 5: Conclude that Company A earns $250,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a total value.
  • Market Share Interpretation – Interpreting market share data in the context of total market size.
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