Hi there,
Can someone break down why the revenue per commercial car is 600?
Hi there,
Can someone break down why the revenue per commercial car is 600?
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