Question

Nike is a Sports footwear manufacturer producing only tennis shoes. The following line graph shows Nike's market share in each category from 2001 to 2005.

If total sales of Nike were worth 215 Cr in 2005 then which of the following statements is true for that year?

• A. Difference between turnover of tennis shoe and sports shoe market is approximately 1900 Cr.
• B. Footwear market is 19 times (approximately) the tennis shoe market.
• C. Percentage share of Nike in the footwear market is approximately 6.
• D. Difference between the sports shoe and footwear market is approximately 1866 Cr.

Answer 1

The correct option is A Difference between turnover of tennis shoe and sports shoe market is approximately 1900 Cr.

Option (a) is the correct answer. Check the video for the approach.