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Company C was responsible for approximately what percent of total sale
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28 Aug 2024, 00:50
28 Aug 2024, 00:50
Expert Reply
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Question Stats:
90% (01:13) correct
10% (01:23) wrong based on 10 sessions
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The graph above shows the total sales, in millions of dollars, for three companies, A & B & C, in a particular sector for the years 1998 through 2007 inclusive. Assume these companies are the only three companies active in this particular sector. Company A is represented by a solid black line; Company B is represented by the black line with large dashes; Company C is represented by the gray line with small dashes. Companies A & B existed since the 1980s, although only data from 1998 is shown. Company C's first year in existence was 2000.
Company C was responsible for approximately what percent of total sales in the sector in 2007?
A. 24%
B. 40%
C. 55%
D. 70%
E. 93%
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Company C was responsible for approximately what percent of total sales in the sector in 2007?
A. 24%
B. 40%
C. 55%
D. 70%
E. 93%
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Re: Company C was responsible for approximately what percent of total sale
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29 Aug 2024, 09:24
29 Aug 2024, 09:24
D
Company C was responsible for approximately what percent of total sale
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10 Dec 2024, 13:45
10 Dec 2024, 13:45
Expert Reply
In 2007 , A was at 20 M , B was at 32 M , and C was at 120 M , for a total of 172 M . What percent of 172 is 120 ? Let's approximate this: $\(10 \%\)$ of 172 is approximately 17 , so $\(20 \%\)$ is 34 and $\(30 \%\)$ is 51 . Well, 51 is approximately
equal to the sum of A \& B's sales --- if they account for $30 \%$, that must mean C accounts for $\(70 \%$. Answer $=\mathbf{( D )}\)$.
A more precise calculation:
$$
\(\text { percent }=\frac{120}{172} \times 100 \%=69.767\)
$$
which we round to $\(70 \%\)$. Answer = $\(\mathbf{( D )}\)$.
equal to the sum of A \& B's sales --- if they account for $30 \%$, that must mean C accounts for $\(70 \%$. Answer $=\mathbf{( D )}\)$.
A more precise calculation:
$$
\(\text { percent }=\frac{120}{172} \times 100 \%=69.767\)
$$
which we round to $\(70 \%\)$. Answer = $\(\mathbf{( D )}\)$.
