Question
In 2007 - 08 if ABC accounted for 7% of industry turnover and the industry turnover saw a growth of 12 % in 2008-09, what was the approximate growth rate ABC's share in industry turnover in 2008-09 over 2007-08?
Answer: Option C
:
C
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C
Total industry turnover in 2008-09 = 250 × (1007) × 112 = 4000 Crores.
So percentage share of ABC in 2008-09 = (2004000) × 100 = 5%
So growth rate = 5−77 × 100 = -28.5%
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