Answer: Share of Beach supply in the market is 22.6%.
Step-by-step explanation:
Since we have given that
Total annual sales of beach umbrellas in the entire market = 6.2 million
Sales by Beach supply company per year = 1.4 million
We need to find the Beach supply's share of the market.
So, it must be written as :
[tex]\dfrac{Beach\ Supply's\ Share}{Total}\times 100\\\\=\dfrac{1.4}{6.2}\times 100\\\\=\dfrac{140}{6.2}\\\\=22.58\%\\\\\approx 22.6\%[/tex]
So, Share of Beach supply in the market is 22.6%.
