Ice-cream sales in India (crore rupees) and company market shares in 2020 are given below.…
The overall increase is 2000/7500×100 =26.67% across five annual intervals. The simple average annual increase is 26.67/5≈5.33%. This is an arithmetic average, not a…
Choose your answer
Ice-cream sales in India (crore rupees) and company market shares in 2020 are given below.
| Year | Ice-cream sales (₹crore) |
|---|---|
| 2018 | 7500 |
| 2019 | 8200 |
| 2020 | 8500 |
| 2021 | 8000 |
| 2022 | 8500 |
| 2023 | 9500 |
| Company | Market share in 2020 |
|---|---|
| Amul | 28% |
| Wadilal | 13% |
| Baskin Robbins | 10% |
| Warna | 6% |
| Kwality | 35% |
| Others | 8% |
What is the average annual rate of increase in the Ice-Cream sale in 2023 in comparison to the year
2018 ?
Answer and explanation
Correct answer A
The overall increase is 2000/7500×100 =26.67% across five annual intervals. The simple average annual increase is 26.67/5≈5.33%. This is an arithmetic average, not a compound annual rate.
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