1. In Western Europe, x bicycles were sold in each of the years 1990 and 1993. The bicycle producers of Western Europe had a 42 percent share of this market in 1990 and a 33 percent share in 1993. Which of the following represents the decrease in the annual number of bicycles produced and sold in Western Europe from 1990 to 1993?

Question

Tyshawn Perez

Business

9 May, 16:36

1. In Western Europe, x bicycles were sold in each of the years 1990 and 1993. The bicycle producers of Western Europe had a 42 percent share of this market in 1990 and a 33 percent share in 1993. Which of the following represents the decrease in the annual number of bicycles produced and sold in Western Europe from 1990 to 1993?

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Semaj Kaiser · Answer 1

Answer: 9% of x

Explanation: In 1990 Western Europe had a 42% market share of the bicycle industry. This means they made 42% of x bicycles that were produced and sold that year. This can also be written as 0.42 times x = 0.42x.

In 1993 Western Europe had a 33% market share of the bicycle industry, meaning they made and sold 33% of x bicycles that were produced and sold. This equates to 0.33 times x = 0.33x.

The annual number of bicycles produced and sold within the market during the years decreased from 42%to 33%. This means the decrease is:

0.42x - 0.33x

= 0.09x

∴In percentage terms this can be written as 9% of x bicycles produced and sold.