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Question 67
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 ₹40 lakhs. If its sales grew by 25% in 2018, what was approximate value of sales of company B in 2018?
Solution
Value of sales of Company A in 2017 = Rs.40 lakhs
Value of sales of Company A in 2018 = 125% of Rs.40 lakhs = Rs.50 lakhs which is 27% of sales of all companies
27% --> Rs.50 lakhs
7% --> $$\dfrac{7 \times 50}{27} = 12.96$$ lakhs
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