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In 2000, the market shares of the toilet soaps Margo, Palmolive and dove were 40%, 30% and 30% respectively. Starting from the next year, a new soap enters into the market each year and gets 10% of the market share. The existing soap share the remaining market share in the same ratio as they did in the previous year. What percent of the total market share will mango have in 2002?

Correct Answer: 32.4%

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Math MCQ: In 2000, the market shares of the toilet soaps Margo, Palmolive and dove were 40%, 30% and 30% respectively. Starting from the next year, a new soap enters into the market each year and gets 10% of the market share. The existing soap share the remaining market share in the same ratio as they did in the previous year. What percent of the total market share will mango have in 2002? | Extra Education