Question

Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 percentage points, a loss of 19 percentage points. What was the percent change in market share

Answer 1

Answer:

$47.5\%$

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share $=40-21=19$

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

$=\frac{19}{40}(100)=47.5\%$