The given chart represents the les of automobiles in India (by type, in million units) from the year 2011 to 2014. Study the chart and answer the question that follows.
If the same percentage increase in the number of two-wheelers as in 2014 over 2013 is expected in 2015, approximately how many two-wheelers will be sold in 2015?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 15.8 million.
Increase in sales = 14.8 - 13.8 = 1 million units
Percentage increase = (1/13.8) × 100 ≈ 7.25%
Estimate the sales in 2015 = 14.8 × (107.25/100) ≈ 15.8 million units
Therefore, 15.8 million two-wheelers will be sold in 2015.