Calculate market share

Market share is calculated by dividing a company's total sales by the total sales of the industry or market during a specific period, then multiplying by 100 to express it as a percentage. The formula is:

[ \text{Market Share} = \left( \frac{\text{Company's Sales}}{\text{Total Market Sales}} \right) \times 100 ]

This metric helps businesses understand their position in the market relative to competitors and assess their growth or performance over time.