Question

Shareholders in an electronics company were informed that the company's market share increased from 4.5% to 5.4%, a rise of 0.9 percentage points. What percent increase in sales does this represent?

Answer 1

If shareholders in an electronics company were informed that the company's market share increased from 4.5% to 5.4%, a rise of 0.9 percentage points. The percent increase in sales that this represent is: 20%.

Percentage increase

Using this formula

Percentage increase= Percentage increase in share price / Initial percentage x 100%

Let plug in the formula

Percentage increase= 0.9% / 4.5% x 100%

Percentage increase=20%

Therefore If shareholders in an electronics company were informed that the company's market share increased from 4.5% to 5.4%, a rise of 0.9 percentage points. The percent increase in sales that this represent is: 20%.

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