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3 years ago

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Igor Stravinsky Tires sells approximately 3,760,000 car tires and 1,200,000 truck tires each year. About 47,000,000 care tires a

nd 26,000,00 truck tires are sold each year in the United States. What is Stravinsky's market share in each of these two markets (cars and trucks)?

1 answer:

pav-90 [236]3 years ago

5 0

Answer:

Shares of Igor Stravinsky car tires in United state = 8%

Shares of Igor Stravinsky truck tires in United state = 46.15%

Step-by-step explanation:

We have given,

Approximate yearly sales of Igor Stravinsky car tires = 3,760,000

Approximate yearly sales of Igor Stravinsky truck tires = 1,200,000

Also,

Every year about 47,000,000 care tires and 26,000,00 truck tires are sold in the United States.

Shares of Igor Stravinsky car tires in United state = $\frac{3,760,000}{47,000,000} * 100$ = 8%

Shares of Igor Stravinsky truck tires in United state = $\frac{1,200,000}{26,000,00} * 100$ = 46.15%

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