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3. In the year 2010 , the luxury bike industry had two bike manufacturers-Splendor and Passion with market shares of 30% and 70%, respectively. In
3. In the year 2010 , the luxury bike industry had two bike manufacturers-Splendor and Passion with market shares of 30% and 70%, respectively. In 2011, the overall market for the product increased by 20% and a new player Yamaha also entered the market and captured 10% of the market share. If we know that the market share of Splendor increased to 40% in the second year, the share of Passion in that year was
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