I have a question about finding an entire market size when given the percent and numerical size of a portion of said market.
"If $9k is 6% of the market, what is the entire market size?"
I chose to solve this by making $9k = 5% and got a total market size of $180k, knowing this was larger than the actual market size.
My question now is how do I find the actual (or at least close to) total market size? What is the methodology for decreasing from $180k to find the right answer?