Question

Beach Supply Company sells about 1.4 million beach umbrellas per year. The total annual sales of beach umbrellas in the entire market are 6.2 million. What is Beach Supply’s share of the market, rounded to the nearest tenth of a percent?

Answer 1

The answer is 8.68


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Answer 2

Answer: Share of Beach supply in the market is 22.6%.

Explanation:

Since we have given that

Total annual sales of beach umbrellas in the entire market = 6.2 million

Sales by Beach supply company per year = 1.4 million

We need to find the Beach supply's share of the market.

So, it must be written as :

`(Beach\ Supply's\ Share)/(Total)* 100\\\\=(1.4)/(6.2)* 100\\\\=(140)/(6.2)\\\\=22.58\%\\\\\approx 22.6\%`

So, Share of Beach supply in the market is 22.6%.