The following Table-I shows the sales (in ₹ crore) of Ice-cream in India during the six years from 2018…
Amul earned \(0.28\times9500 = 2660\) crore in 2023. In 2024 the market is \(9500\times1.1 = 10450\) crore, and a 23 percent share gives \(0.23\times10450 = 2403.5\) crore.…
Choose your answer
The following Table-I shows the sales (in ₹ crore) of Ice-cream in India during the six years from 2018 to 2023 and Table-II shows the percentage market share of various companies in the sale of Ice-cream in the year 2020. Based on the data in the tables, answer the question.
| Year | Ice-Cream Sale (in ₹ Crore) |
|---|---|
| 2018 | 7500 |
| 2019 | 8200 |
| 2020 | 8500 |
| 2021 | 8000 |
| 2022 | 8500 |
| 2023 | 9500 |
| Company | Amul | Wadilal | Baskin Robbins | Warna | Kwality | Others |
|---|---|---|---|---|---|---|
| Percent Share | 28% | 13% | 10% | 6% | 35% | 8% |
Question: The market share of companies in 2023 is same as in 2020. In 2024, the ice-cream sale increases by 10 % but the market share of Amul falls to 23 %. What is the percentage change in the turnover of Amul from 2023 to 2024 ?
Answer and explanation
Correct answer B
Amul earned crore in 2023. In 2024 the market is crore, and a 23 percent share gives crore. The change is , a decrease of 9.64 percent; the figure 17.86 percent is only the fall in the share from 28 to 23 percent and ignores the 10 percent growth of the market.
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