The market size for Flippers is 100 million units. If XYZ Ltd has a market share of 15% and the average sales price is $3 per Flippers, what is the dollar amount of sales of XYZ?
A)$48 million
B)$45 million
C)$42 million
D)$40 million

Question

Quizplus · Accepted Answer

Market size = 100 million units 
XYZ Ltd market share = 15% 
Total units sold by XYZ Ltd = 15% of 100 million = 15/100 * 100 million = 15 million 
Average sales price = $3 
Total sales of XYZ Ltd = 15 million * $3 = $45 million

The Market Size for Flippers Is 100 Million Units