Pricey Ice Cream has 4 stores that do 8% of the business in the county. It is estimated that next year total ice cream sales in the county will be $8,416,000. Pricey Ice Cream is adding a fifth store and expects to increase its market share by 25%. To the nearest dollar, how much can Pricey Ice Cream expect to sell next year? (Hint: First find 25% of the original market share of 8% and add that to the original market share. This is the new market share. Use the new market share to find the dollar amount of projected sales.)

Question

amistre64 · Answer

"find 25% of the original market share of 8% and add that to the original market share."

anonymous · Answer

Is this the 8% market share? $8,416,000.

amistre64 · Answer

8416 is total market sales of the county, they are currently tapped into 8% of it

anonymous · Answer

okay

amistre64 · Answer

they expect to increase sales by 25% of 8%,  or 2%  to get a marketshare of 10%

anonymous · Answer

Okay

anonymous · Answer

It came out to be $841,600.00. 
Thank you!