FormulaDen.com

Physics Chemistry Math Chemical Engineering Civil Electrical Electronics Electronics and Instrumentation Materials Science Mechanical Production Engineering Financial Health

Market Penetration Formula

Fx Copy

LaTeX Copy

Market Penetration refers to the successful selling of a product or service in a specific market. Check FAQs

MP = (\frac{n}{TP}) \cdot 100

MP - Market Penetration?n - Customers?TP - Total Population?

Market Penetration Example

With values

With units

Only example

Here is how the Market Penetration equation looks like with Values.

Here is how the Market Penetration equation looks like with Units.

Here is how the Market Penetration equation looks like.

30 = (\frac{30000}{100000}) \cdot 100

30 = (\frac{30000}{100000}) \cdot 100

30 = (\frac{30000}{100000}) \cdot 100

Tip: Use pencil ( Pencil

) icon above to edit Input Values and Units.

Calculate

Recalculate

Solution

Copy

Reset

You are here -

Home » Category

Financial » Category

Business » Category

Business Metrics » fx Market Penetration

Market Penetration Solution

Follow our step by step solution on how to calculate Market Penetration?

FIRST Step Consider the formula

MP = (\frac{n}{TP}) \cdot 100

Next Step Substitute values of Variables

∴

MP = (\frac{30000}{100000}) \cdot 100

Next Step Prepare to Evaluate

∴

MP = (\frac{30000}{100000}) \cdot 100

LAST Step Evaluate

∴

MP = 30

Market Penetration Formula Elements

Variables

Market Penetration

Market Penetration refers to the successful selling of a product or service in a specific market.

Symbol: MP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Market Penetration

Customers

Customers refers to the people who have purchased the product in the category.

Symbol: n

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Customers

Total Population

Total Population refers to the total market size existing in the economy.

Symbol: TP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Population

Other formulas in Marketing Metrics category

Go Compound Annual Growth Rate

CAGR = (({(\frac{EV}{SV})}^{\frac{1}{n y}}) - 1) \cdot 100

Go Customer Selling Price

CSP = CP + (PM% \cdot CP)

Go EBIT

EBIT = R - OPEX

Go Revenue Share of Requirements

RS req = \frac{B purchases}{C purchased}

How to Evaluate Market Penetration?

Market Penetration evaluator uses Market Penetration = (Customers/Total Population)*100 to evaluate the Market Penetration, Market Penetration is a measure of how much a product or service is being used by customers compared to the total estimated market for that product or service. Market Penetration is denoted by MP symbol.

How to evaluate Market Penetration using this online evaluator? To use this online evaluator for Market Penetration, enter Customers (n) & Total Population (TP) and hit the calculate button.

FAQs on Market Penetration

What is the formula to find Market Penetration?

The formula of Market Penetration is expressed as Market Penetration = (Customers/Total Population)*100. Here is an example- 20 = (30000/100000)*100.

How to calculate Market Penetration?

With Customers (n) & Total Population (TP) we can find Market Penetration using the formula - Market Penetration = (Customers/Total Population)*100.

Let Others Know

✖

Facebook

Twitter

Copied!

: Value
: Unit

Market Penetration Formula

Market Penetration Example

Market Penetration Solution

Market Penetration Formula Elements

Other formulas in Marketing Metrics category

How to Evaluate Market Penetration?

FAQs on Market Penetration

Variable Name