📊 GMAT Exam Prep

The provided line graph displays the market share percentages for Company X and Company Y in the smartphone industry from 2018 to 2022. If the total smartphone market value was $450 billion in 2020, and Company X's market share was 25% while Company Y's was 15%, what was the approximate difference in revenue between Company X and Company Y in 2020?

A $25 billion
B $35 billion
C $45 billion
D $55 billion

✓ Correct Answer: Option C

Company X's revenue: 25% of $450 billion = $112.5 billion. Company Y's revenue: 15% of $450 billion = $67.5 billion. The difference is $112.5 - $67.5 = $45 billion.

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