Subjects business math

Market Share Sales

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Market Share Sales


1. **Calculate the number of users for Chrome, Safari, and Internet Explorer given their market shares.** - Total market share percentages given: Chrome 34.7%, Internet Explorer 12.5%, Safari 15.2%. - Assume total number of users is $N$ (not given explicitly, so we express answers in terms of $N$). Number of users for each browser: - Chrome users = $0.347 \times N$ - Internet Explorer users = $0.125 \times N$ - Safari users = $0.152 \times N$ 2. **Calculate Maid Marian's Medieval Cuisine Ltd's sales for two years given market size and growth.** - Initial market size = 450 million - Maid Marian's market share = 7% = 0.07 - Market growth forecast = 6% = 0.06 **Year 1 sales:** $$\text{Sales}_1 = 450 \times 0.07 = 31.5$$ million **Year 2 market size:** $$450 \times (1 + 0.06) = 450 \times 1.06 = 477$$ million **Year 2 sales:** $$\text{Sales}_2 = 477 \times 0.07 = 33.39$$ million **Final answers:** - Chrome users: $0.347N$ - Internet Explorer users: $0.125N$ - Safari users: $0.152N$ - Maid Marian's sales year 1: 31.5 million - Maid Marian's sales year 2: 33.39 million