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 |
What is the average annual growth in ice-cream sales in 2023 compared to 2018?
A5.33% ✓ Correct
B26.67%
C6.67%
D10%
Correct answer: (A) 5.33%
Explanation
The average annual growth is 5.33 percent, so that is the answer.
Sales rose from 7500 in 2018 to 9500 in 2023.
The total rise is 2000 over 7500, which is about 26.67 percent.
This is spread over five years.
Dividing 26.67 by 5 gives about 5.33 percent per year.
Hence 5.33 percent is correct.
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