The market size for Loppins is 80 million units.If SPI Inc.has a market share of 30% and the average sales price is $2 per Loppin,what is the dollar amount of sales of SPI?
A)$40 million
B)$42 million
C)$45 million
D)$48 million
E)$50 million

Question

Quizplus · Accepted Answer

SPI Inc.'s sales in units would be 30% of 80 million, which is 24 million units. At $2 per Loppin, the dollar amount of sales would be 24 million units * $2 = $48 million.

The Market Size for Loppins Is 80 Million Units