Year ended oct 2003 Year ended oct 2004 Revenue $ 5.75 Million $6 Million No of styles 22 25 Net profit $345,000 $348,000 Market research cost $200,000. $150,000
Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers – they have answers and explanations
You have not given enough information to be able to calculate the market share. To calculate that you need some information about the market, and none is given!!