Approximately 20,000 businesses use 350,000 cases of a particular kind of metal fastener. An average case sells for $15. If Flex Bolt Ltd. sells 200,000 cases to 8,000 businesses, what is Flex Bolt's market share?

Question

Quizplus · Accepted Answer

Flex Bolt's market share is calculated by dividing the number of cases it sells (200,000) by the total number of cases sold in the market (350,000), which equals approximately 57%.

Approximately 20,000 Businesses Use 350,000 Cases of a Particular Kind