Future Sporting Goods has traditionally had about 25% of the retail business in Martin County. The total estimated sporting goods business in the county for next year is $15,430,000. What sporting goods business can Future project for next year? I CANNOT GET THIS
To calculate the projected sporting goods business for Future, you need to multiply the total estimated sporting goods business in the county ($15,430,000) by the market share they traditionally hold (25%).
Here's how you can do it step-by-step:
Step 1: Convert the market share percentage to decimal form by dividing it by 100.
Market share = 25% / 100 = 0.25
Step 2: Multiply the total estimated sporting goods business in the county by the market share.
Projected business = $15,430,000 * 0.25
Projected business = $3,857,500
Therefore, Future can project a sporting goods business of $3,857,500 for the next year.
15,430,000/.25??
That's just a guess...I'm not sure if it's right or not