Question
The leading brand of cosmetics in the US had about 20% of the total sales in the industry. The total sales were $2.6 billion. What was the leading brands sales?
Answers
GPT-4o mini
To find the sales of the leading brand, you can calculate 20% of the total sales of the cosmetics industry.
Total sales = $2.6 billion
Leading brand percentage = 20%
Calculate the sales of the leading brand:
\[
\text{Leading brand sales} = \text{Total sales} \times \left(\frac{\text{Leading brand percentage}}{100}\right)
\]
\[
\text{Leading brand sales} = 2.6 \text{ billion} \times 0.20 = 0.52 \text{ billion}
\]
So, the leading brand's sales were $0.52 billion, which is equivalent to $520 million.
Total sales = $2.6 billion
Leading brand percentage = 20%
Calculate the sales of the leading brand:
\[
\text{Leading brand sales} = \text{Total sales} \times \left(\frac{\text{Leading brand percentage}}{100}\right)
\]
\[
\text{Leading brand sales} = 2.6 \text{ billion} \times 0.20 = 0.52 \text{ billion}
\]
So, the leading brand's sales were $0.52 billion, which is equivalent to $520 million.