The following Table-I shows the sales (in ₹ crore) of Ice-cream in India…
2024
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 questions that follow.
Table-I : Year-wise Sale Details of Ice-Cream (in ₹ Crore)
Year | Ice-Cream Sale (₹ Crore) |
|---|---|
2018 | 7500 |
2019 | 8200 |
2020 | 8500 |
2021 | 8000 |
2022 | 8500 |
2023 | 9500 |
Table-II : Company-wise Percentage Market share in the Ice-Cream sale in 2020
Company | Amul | Vadilal | Baskin Robbins | Warna | Kwality | Others |
|---|---|---|---|---|---|---|
Percentage | 28% | 13% | 10% | 6% | 35% | 8% |
If the percentage market share of companies remains the same in 2021 as that in 2020, then what is the increase/decrease in the turnover of Amul from 2020 to 2021?
- A.
₹ 175 crore increase
- B.
₹ 140 crore increase
- C.
₹ 175 crore decrease
- D.
₹ 140 crore decrease
Show answer & explanation
Correct answer: D
From Table-I, total ice-cream sales were ₹8500 crore in 2020 and ₹8000 crore in 2021.
Amul's market share is 28% for both years as per the problem statement.
Amul's 2020 turnover is ₹8500 × 0.28 = ₹2380 crore.
Amul's 2021 turnover is ₹8000 × 0.28 = ₹2240 crore.
The change is ₹2380 - ₹2240 = ₹140 crore decrease.