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 sale of Wadilal increases by 38% from 2020 to 2023, and the percent sale of other companies accordingly stands reduced then what would be the market share of Wadilal in 2023 ?
- A.
17.5 %
- B.
18 %
- C.
16.94 %
- D.
16.05 %
Show answer & explanation
Correct answer: D
First, calculate Vadilal's sales in 2020 using the total market value of ₹8500 crore and its 13% share.
Vadilal Sales (2020) = 13% of 8500 = ₹1105 crore.
Next, apply the 38% increase to determine Vadilal's sales in 2023.
Vadilal Sales (2023) = 1105 * 1.38 = ₹1524.9 crore.
Finally, divide this new sales figure by the 2023 total market value of ₹9500 crore to find the percentage share.
Market Share (2023) = (1524.9 / 9500) * 100 ≈ 16.05%.