Table-1: ice-cream sales in India (Rs crore) over six years. Table-2: 2020 market share of companies.
| Year | Sales (Rs crore) |
|---|---|
| 2018 | 7500 |
| 2019 | 8200 |
| 2020 | 8500 |
| 2021 | 8000 |
| 2022 | 8500 |
| 2023 | 9500 |
| Company (2020) | Market Share (%) |
|---|---|
| Amul | 28 |
| Vadilal | 13 |
| Baskin Robbins | 10 |
| Verna | 6 |
| Kwality Walls | 35 |
| Others | 8 |
In 2023 the market shares are the same as in 2020. In 2024 ice-cream sales increase by 10% but Amul's market share falls to 23%. What is the percentage change in Amul's turnover from 2023 to 2024?
A9.64% increase
B9.64% decrease ✓ Correct
C17.86% increase
D17.86% decrease
Correct answer: (B) 9.64% decrease
Explanation
It is a 9.64 percent decrease, so that is the answer.
Amul's 2023 sale is 28 percent of 9500, which is 2660 crore.
In 2024 total sales rise 10 percent to 10450 crore.
Amul's 2024 sale is 23 percent of 10450, which is 2403.5 crore.
The fall is 2660 minus 2403.5, which is 256.5 crore.
256.5 over 2660 is about 9.64 percent.
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