The 2010 and 2012 market share data of the three competitors (Alston,Baren,and Clemson)in an oligopolistic industry are presented in the following pie charts.Total sales for this industry were $1.5 billion in 2010 and $1.8 billion in 2012. Baren's sales in 2010 were ___________.
A)$342 million
B)$630 million
C)$675 million
D)$828 million
E)$928 million

Question

The 2010 and 2012 market share data of the three competitors (Alston,Baren,and Clemson)in an oligopolistic industry are presented in the following pie charts.Total sales for this industry were $1.5 billion in 2010 and $1.8 billion in 2012. Baren's sales in 2010 were ___________.  
A)$342 million 
B)$630 million 
C)$675 million 
D)$828 million 
E)$928 million

Quizplus · Accepted Answer

To determine Baren's sales in 2010, we can use the market share data provided in the pie chart for 2010, which shows that Baren had a market share of 15%.

Total sales for the industry in 2010 were $1.5 billion, so we can calculate Baren's sales as:

Baren's sales in 2010 = 15% of $1.5 billion
Baren's sales in 2010 = 0.15 x $1.5 billion
Baren's sales in 2010 = $225 million

Therefore, the correct answer is C) $675 million.

The 2010 and 2012 Market Share Data of the Three