If the total market share of TV is 90 crore. What is the market s
Read the directions carefully: The two Pie Charts below show that the % market share of different companies which produces TV and refrigerator in the first half of the Year 2019-2020.(The turnover in both TV and refrigerator is same.)
Question 1: If the total market share of TV is 90 crore. What is the market share of Whirlpool TV and LG TV altogether?
A. 7 crore
B. 9 crore
C. 15 crore
D. 5 crore
E. 11 crore
Right Answer is: B
SOLUTION
GIVEN:
Percentage of Whirlpool TV = 7%
Percentage of LG TV = 3%
CONCEPT:
In this firstly we will calculate the total percentage constituted by Whirlpool TV and LG TV on the market share and then the amount they constituted.
FORMULAE USED:
Market share of Whirlpool TV and LG TV = Percentage of Whirlpool TV and LG TV × total market share/100
CALCULATION:
Market share of Whirlpool TV and LG TV = (7% + 3%) × 90/100
⇒ Market share of Whirlpool TV and LG TV = 10 × 90/100
∴ Market share of Whirlpool TV and LG TV = 9 crore
