Problema Solution
Lionel the owner of Red Blazer Reality, determines his company made $223,456,000 in local sales last year. His competitors made sales of the following amounts: $194,200.00; 125,900,000; 156,399,000; and $128,848,000. Additionally property owners made their own sales of $2,097,000. What was Rad Blazer Reality's market share last year?
Answer provided by our tutors
Each of the amounts ends in "000" other than a typo "194,200.00" is assumed to mean "194,200.000". So each amount can be calculated without the trailing zeros. Lionel's percent share is divided by total sales and multiplied by 100 in order to convert to a percentage:
100*(223456/(223456+194200+125900+156399+128848+2097))
26.8932
So Lionel has approximately 27% of the market share.