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% |
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 ?
- A.
9.64 % increase
- B.
9.64 % decrease
- C.
17.86 % increase
- D.
17.86 % decrease
Show answer & explanation
Correct answer: B
Step 1: Calculate Amul's turnover in 2023. Total sales = ₹9500 crore, Market share = 28%. Turnover = 9500 * 0.28 = ₹2660 crore.
Step 2: Calculate Amul's turnover in 2024. Total sales increase by 10% = ₹9500 * 1.10 = ₹10450 crore. Market share = 23%. Turnover = 10450 * 0.23 = ₹2403.5 crore.
Step 3: Calculate percentage change. ((2403.5 - 2660) / 2660) * 100 = -9.64%. This indicates a 9.64% decrease.