Question

The tyre industry in a country comprised of three organised players and several unorganised players. A sample survey revealed that around 20% of total sales came from unorganised sector. The three major companies reported revenue of Rs 6,000 crore, Rs 8,000 crore and Rs 10,000 crore, respectively, for the year 2019. Which of the following is closest to the fair estimate of overall size of tyre market in that country for the year 2019?
a. Rs 48,000 crore
b. Rs 24,000 crore
c. Rs 30,000 crore
d. Rs 36,000 crore

Answer 1

Answer:

a) 20%

Explanation: