Question
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to their sales. Fixed costs for selling kayaks (storage, staff, etc.)=$200 per year Price to buy one kayak at Lovelace=$550 Average # of kayaks sold per month last year=3 Wholesale price of kayaks=$355 per kayaks Total revenue of kayaks solds on the Mississippi Gulf Coast last year (including at Lovelace)= $2,832,000 What was Lovelaces's revenue market share ($) of kayaks on the Missississippi Gulf Coast last year? (Note: Use two decimal places. The unit is $ or %. Multiply the answer by 100 to express in %--e.g. xx.xx%
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