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Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 percentage points, a loss of 19 percentage points. What was the percent change in market share

Answer :

Answer:

[tex]47.5\%[/tex]

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share [tex]=40-21=19[/tex]

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

[tex]=\frac{19}{40}(100)=47.5\%[/tex]

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