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Answer the following question based on the information given below.
The table below shows the annual sales (in Rs. crores) for five different companies P, Q, R, S and T from 1991 to 1996.
The average annual sales (in Rs. crores) of company Q during the given period were
Answer: C
Average annual sales of Q during the given period = total sales/total years
= (790 + 1050 + 990 + 1050 + 1020 + 1190)/6 = 6090/6
= Rs. 1,015 crores
Hence, option (c).
The sales of company T in 1995 are approximately what percentage of the sales of company P in 1992?
Answer: A
Required percentage = (470/880) × 100 = 51.11% ≈ 51%
Hence, option (a).
What is the growth rate of company P in 1991?
Answer: D
Since the reference year for the growth rate is not given, the growth is considered w.r.t. the previous year i.e. 1990 in this case.
Since no data is provided for 1990, the growth rate for 1991 cannot be found.
Hence, option (d).
If the five companies together have a 50% market share in that industry in 1994, what is the approximate market share of Q in 1994? Market share of a particular company in a given year is the sales of that company in that year as a percentage of the total sales in that industry for the same year.
Answer: B
Total sales of the 5 companies in 1994 = 980 +1050 + 910 + 800 + 990 = Rs. 4,730 crores
Since the five companies given have 50% of the market share,
Total sales of these five companies = 50% of total sales of all companies in the market i.e., market size.
∴ Market size = 4730/0.5 = Rs. 9,460 crores
Sales of Q in 1994 = Rs. 1,050 crores
∴ Market share of Q = (1050/9460) × 100 = 11.11% ≈ 11%
Hence, option (b).