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

Practice Questions

In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If the total market is valued at $1 million, how much is Company B's market share worth?

$250,000
$350,000
$200,000
$200,000

Questions & Step-by-Step Solutions

Step 1: Understand that the total market value is $1 million.
Step 2: Identify Company B's market share percentage, which is 35%.
Step 3: Convert the percentage into a decimal by dividing by 100. So, 35% becomes 0.35.
Step 4: Multiply the total market value ($1 million) by Company B's decimal market share (0.35).
Step 5: Calculate $1,000,000 * 0.35, which equals $350,000.
Step 6: Conclude that Company B's market share is worth $350,000.

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

Practice Questions

Questions & Step-by-Step Solutions

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