Hi there,
Can someone break down why the revenue per commercial car is 600?
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Calculating revenue per commercial car
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Information they provide
Private vehicles # = 2M
Commercial vehicles # = 4M
Private vehicle R = $300
Private vehicle market size = 25% of commercial
Calculations
Private vehicle market size = 2M * 300 = 600M
Private/Commercial = 1/4 ====> 600M / X = 1/4 ======> 600M*4 = 2.4B commercial market size
Commercial Market Size / # of vehicles ====>2.4B / 4M = $600 / vehicle
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