The following table provides the details of monthly sales (in lakhs of rupees) and the value of products returned by the customers (as a percentage of sales) of an e-commerce company for three…
Question and options
The following table provides the details of monthly sales (in lakhs of rupees) and the value of products returned by the customers (as a percentage of sales) of an e-commerce company for three product categories for the year 2024. Net sales (in lakhs of rupees) is defined as the difference between sales (in lakhs of rupees) and the value of products returned (in lakhs of rupees).
By what percentage the net sales for June increased as compared to May in the Footwear category?
| Month | Sales (in lakhs of rupees) | Value of products returned (as a percentage of sales) | ||||
|---|---|---|---|---|---|---|
| Apparel | Footwear | Electronics | Apparel | Footwear | Electronics | |
| January | 262 | 104 | 289 | 13% | 7% | 2% |
| February | 279 | 113 | 387 | 16% | 9% | 3% |
| March | 236 | 121 | 283 | 20% | 7% | 2% |
| April | 258 | 58 | 325 | 16% | 8% | 1% |
| May | 249 | 69 | 359 | 12% | 6% | 4% |
| June | 230 | 111 | 321 | 19% | 5% | 3% |
| July | 244 | 119 | 341 | 17% | 9% | 4% |
| August | 252 | 60 | 336 | 16% | 6% | 2% |
| September | 288 | 118 | 355 | 10% | 9% | 5% |
| October | 222 | 108 | 383 | 15% | 8% | 2% |
| November | 228 | 93 | 282 | 14% | 9% | 4% |
| December | 221 | 86 | 268 | 18% | 10% | 1% |
By what percentage the net sales for June increased as compared to May in the Footwear category?
- 62.58 percent
- 7.21 percent
- 18.97 percent
- 60.87 percent
Answer and explanation
Correct answer: A - 62.58 percent
Footwear net sales: May = 69 x 0.94 = 64.86; June = 111 x 0.95 = 105.45. Increase = 40.59/64.86 = 62.58 percent. (60.87% is the gross sales increase, ignoring returns.)
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