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05 Mar 2026, 00:43
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C
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Difficulty:
85%
(hard)
Question Stats:
42% (02:47) correct
58%
(03:35)
wrong
based on 38
sessions
History
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Not Attempted Yet
Forkinetics manufactures electric bicycles. From 2024 to 2025, Forkinetics’ electric bicycle sales increased by 20%, while total electric bicycle sales increased by 5%. Forkinetics’ market share in 2025 was 2 percentage points higher than in 2024.
Over 2024 and 2025 combined, approximately what percent of total electric bicycle sales were made by Forkinetics?
A. 13%
B. 14%
C. 15%
D. 16%
E. 17%
Over 2024 and 2025 combined, approximately what percent of total electric bicycle sales were made by Forkinetics?
A. 13%
B. 14%
C. 15%
D. 16%
E. 17%
05 Mar 2026, 00:59
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kevincan
Forkinetics electric bicycle share 2024 to 2025, increased by 20%.
FEB 2024 : 2025 = 5k : 6k
Total electric bike , increased by 5% from 2024 to 2025.
TEB 2024 : 2025 = 20x : 21x
Forkinetics’ market share in 2025 was 2 percentage points higher than in 2024.
Market share if FEB = FEB share / TOTAL share
(6k/21x) - (5k/20x) = 2
120kx - 105kx = 2*21x*20x
15kx = 2*21*20* x * x
k = 56x
Over 2024 and 2025 combined, approximately what percent of total electric bicycle sales were made by Forkinetics?
combined FEB = 5k + 6k = 11k = 11* 56x
TEB combined = 20x + 21x = 41x
% = (11*56x)/(41x)
= approx (11*7*8)/(5*8)
=approx 77/5
= approx 15.4
Option C
GraemeGmatPanda
Joined: 13 Apr 2020
Last visit: 21 Apr 2026
Posts: 102
Given Kudos: 30
Location: United Kingdom
Concentration: Marketing
Schools: LBS '16 (A$)
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05 Mar 2026, 10:36
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We define the total electric bicycle sales in 2024 as 100 units and Forkinetics' sales in 2024 as S units
\(T_{2024} = 100\text{ units}\\
F_{2024} = S\text{ units}\)
Forkinetics' sales increased by 20% and total sales increased by 5% from 2024 to 2025
\(T_{2025} = 100 \times 1.05 = 105\text{ units}\)
\(F_{2025} = S \times 1.20\)
Translating "Forkinetics' market share in 2025 was 2 percentage points higher than in 2024" into a mathematical expression
\(\frac{F_{2025}}{T_{2025}} = \frac{F_{2024}}{T_{2024}} + 0.02\)
We substitute the expressions for \(F_{2025}\), \(T_{2025}\), \(F_{2024}\), and \(T_{2024}\) into the market share equation
\(\frac{1.20S}{105} = \frac{S}{100} + 0.02\)
We solve this equation for \(S\)
\(1.20S = 1.05S + 2.1\)
\(0.15S = 2.1\)
\(S = \frac{2.1}{0.15} = 14\)
We find the combined market share over the two years using total and Forkinetics sales
\(\text{Combined Forkinetics} = 14 + 16.8 = 30.8\)
\(\text{Combined total} = 100 + 105 = 205\)
\(\frac{30.8}{205} \approx 0.15 = 15\%\)
Answer C
Hope this helps!
ʕ•ᴥ•ʔ
\(T_{2024} = 100\text{ units}\\
F_{2024} = S\text{ units}\)
Forkinetics' sales increased by 20% and total sales increased by 5% from 2024 to 2025
\(T_{2025} = 100 \times 1.05 = 105\text{ units}\)
\(F_{2025} = S \times 1.20\)
Translating "Forkinetics' market share in 2025 was 2 percentage points higher than in 2024" into a mathematical expression
\(\frac{F_{2025}}{T_{2025}} = \frac{F_{2024}}{T_{2024}} + 0.02\)
We substitute the expressions for \(F_{2025}\), \(T_{2025}\), \(F_{2024}\), and \(T_{2024}\) into the market share equation
\(\frac{1.20S}{105} = \frac{S}{100} + 0.02\)
We solve this equation for \(S\)
\(1.20S = 1.05S + 2.1\)
\(0.15S = 2.1\)
\(S = \frac{2.1}{0.15} = 14\)
We find the combined market share over the two years using total and Forkinetics sales
\(\text{Combined Forkinetics} = 14 + 16.8 = 30.8\)
\(\text{Combined total} = 100 + 105 = 205\)
\(\frac{30.8}{205} \approx 0.15 = 15\%\)
Answer C
Hope this helps!
ʕ•ᴥ•ʔ
