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!!