tmacer126 tmacer126
  • 13-03-2018
  • Mathematics
contestada

if LuxRide's revenues in London grow by 20% next year, what will their market share be?

Respuesta :

MrEquation
MrEquation MrEquation
  • 22-03-2018
Answer: If this case, you would have to write an expression to represent their market share. It could be 1.2x.

Since we don't know the actual amount of their current market share, we will have to use a variable. Let x = their current market share.

The problem states that it will grow by 20% or 0.2. Therefore, we just need to multiply the current amount, x, by 1 plus the extra 20% or just 1.2.
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