Question

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

Answer 1

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%