Question
Download Solution PDFThe given chart represents the sales of automobiles in India (by type, in million units) from the year 2011 to 2014. Study the chart and answer the question that follows.
The percentage increase in the sales in 2013 over the previous year was the maximum for which of the categories of vehicles?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Two-wheelers sales in 2012 = 13.4 million
Two-wheelers sales in 2013 = 13.8 million
Passenger vehicles sales in 2012 = 2.6 million
Passenger vehicles sales in 2013 = 2.7 million
Commercial vehicles sales in 2012 = 0.8 million
Commercial vehicles sales in 2013 = 0.79 million
Formula used:
Percentage increase =
Calculations:
For Two-wheelers:
⇒
For Passenger vehicles:
⇒
For Commercial vehicles:
⇒
∴ The maximum percentage increase in sales in 2013 was for Passenger vehicles (3.85%).
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