Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunshine Juices sold $16.2 million in the U.S. pomegranate juice drink market last year, but the 8.9 million customers who bought from Sunshine Juices spent

Sunshine Juices sold $16.2 million in the U.S. pomegranate juice drink market last year, but the 8.9 million customers who bought from Sunshine Juices spent a total of $38.7 million in this market. Across the whole marketplace, 69.8 million buyers contributed to total industry sales of $177.1 million of pomegranate juice drinks. Calculate usage index for Sunshine Juices' customers in the U.S. pomegranate juice drink market. Report your answer as a percent, and round your answer to the nearest tenth of a percent. Report 27.5%, for example, as "27.5".

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions