The following table-1 shows the percentage (%) market share of sale of buses of six different…
Company F sold \(40000\times1.125=45000\) buses in FY 2020-21. Since F holds 40% of the market, total sales were \(\frac{45000}{0.40}=112500\), and company B's 8% share is…
Choose your answer
The following table-1 shows the percentage (%) market share of sale of buses of six different automobile companies A-F in the Financial Year (FY) 2020-21 and table-2 shows the percentage (%) of six different bus models P-U sold by the automobile company A. Based on the data in the table, answer the question.
| Company | Distribution (%) of sale of Buses |
|---|---|
| A | 41% |
| B | 8% |
| C | 7% |
| D | 3% |
| E | 1% |
| F | 40% |
| Model | Sale (%) of Bus Models |
|---|---|
| P | 18% |
| Q | 25% |
| R | 12% |
| S | 15% |
| T | 20% |
| U | 10% |
Question: If the number of buses sold by F is 40000 in FY 2019-20 and the percentage growth in sale of buses is 12½% in FY 2020-21, then how many units have been sold by B in FY 2020-21?
Answer and explanation
Correct answer D
Company F sold buses in FY 2020-21. Since F holds 40% of the market, total sales were , and company B's 8% share is . Using F's 2019-20 figure of 40000 without the 12½% growth would give a total of 100000 and 8000 buses for B, which is not the 2020-21 figure.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
UGC NET Paper I