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insens350 [35]
3 years ago
7

Your bagel company has a market share of 7% of area breakfast sales and you have a goal to increase that to 10% in 1 year. The m

arket has $3,500,000 in breakfast sales per week. How much must you increase sales to achieve your goal?

Mathematics
2 answers:
Eva8 [605]3 years ago
5 0
1. Calculate the market share that you have (7%)
2. Calculate what 10% of the market share would be
3. Subtract 10% from 7%

adoni [48]3 years ago
4 0

Answer:

To achieve your goal, you have to increase your sales in $105,000 per week.

Step-by-step explanation:

First, you have to determine the amount of sales you have considering that you have a market share of 7%:

$3,500,000*7%= $245,000

Now, you have to find the amount of sales you need to increase your market share to 10%:

$3,500,000*10%= $350,000

Then, you have to calculate the difference between your expected and current market share:

$350,000-$245,000= $105,000

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Step-by-step explanation:

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Step-by-step explanation:

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