Question

Shareholders in an electronics company were informed that the company's market share increased from 4.5% to 6.3%, a rise of 1.8 percentage points. What percent increase in sales does this represent?

Answer 1

Based on the increase in the company's share prices, the percent increase in sales that this represents is 40%.

How much did sales increase?

The increase in sales can be found as:

= % increase in share price / Initial percentage x 100%

Solving gives:

= 1.8% / 4.5% x 100%

= 0.4 x 100%

= 40%

In conclusion, sales increased by 40%.

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