Circuit Stream Test 16/09/20 - Slot 1
Market share of cars In %
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Porsche
7%
Toyota
22%
BMW
20%
Ford
24%
Mclaren
9%
Ferrari
18%
If a Ford car is 20% costlier than a BMW car, then which of the two cars has the greater volume sale of the cars?
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Ford
BMW
Volume sale of both the cars is equal.
Cannot be determined.
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Answers
Answer:
not sure what you want
Step-by-step explanation:
Given : Market share of cars In % , Porsche 7% , Toyota 22% , BMW 20% , Ford 24% , Mclaren 9% , Ferrari 18%
a Ford car is 20% costlier than a BMW car
To Find : which of the two cars has the greater volume sale of the cars
Solution:
Let sat BMW car Cost = 100B
Ford car is 20% costlier than BMW
hence Ford car cost = 100B + (20/100)100B = 120B
Let say total market share = 100M
BMW market share = (20/100)100M = 20M
Ford market share = (24/100)100M = 24M
Volume of BMW = BMW Market share / Cost Per BMW car
=> Volume of BMW = 20M/100B = M/5B
=> Volume of FORD = 24M/120B = M/5B
M/5B = M/5B
Hence Volume of BMW = Volume of FORD
Volume sale of both the cars is equal.
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