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?
$250,000
$300,000
$400,000
$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.
