The pie charts show the market share of companies in the rice market in 2017 and 2018.
The value of sales of Company A in 2017 was Rs. 40 lakhs. If its sales grew by 25% in 2018, what was approximate value of sales of company B in 2018?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 12.96 lakhs
The value of sales of Company A in 2017 was Rs. 40 lakhs.
It grew up 25% in 2018 i.e
40,00,000 + 25% of 40,00,000 = 50,00,000
Hence , sale of compay A was 50,00,000 in 2018
Let the total sales in 2018 be X
27% of X = 50,00,000
X = 18518518.5rs.
Sales of company B in 2018 is 7% of total sales
Sales of company B in 2018 = 7% of 18518518.5
Sales of company B in 2018 = 1296296.3 or 12.96 lakhs.