The market size for Loppins is 60 million units.If SPI Inc.has a market share of 20% and the average sales price is $3 per Loppin,what is the dollar amount of sales of SPI?
A)$32 million
B)$36 million
C)$38 million
D)$42 million
E)$44 million

Question

Quizplus · Accepted Answer

SPI Inc.'s sales in units would be 20% of 60 million, which is 12 million units. At $3 per Loppin, the dollar amount of sales would be 12 million units * $3/unit = $36 million.

The Market Size for Loppins Is 60 Million Units