Question

In a certain city last year, sales of treadmills were 50,000 units. Exercise Unlimited had a market share of 75 percent, followed by Rico's Sporting Goods with 17 percent, and The Sweat Shop with 8 percent. How many treadmills did Rico's Sporting Goods sell last year?

Answer 1

Answer:

Rico sporting goods sold 8500 treadmills last year.

Explanation:

If total sales of treadmills were 50,000 then the 3 major companies hold the market share with different rates. The Rico sporting goods market share is 17% which means last year it sold 17% of total sales. Therefore $50,000 \times 17%$ =8500.

Hence, The Rico sporting goods share in the total sales is 8500. Therefore, it can be said that the sales of last year of each company is 37,500  8500  and 4000 respectively.