1
Question
The sale of consecutive three years of an industry are shown below.
Year
Product group
(Sales)
Product X
(Sales)
Sales of product X
(Percent)
2014
1,20,000
24,000
20
2015
1,25,000
26,250
21
2016
1,40,000
30,800
22
If the forecast for the year 2017 is Rs. 1,60,000 then according to trend, the sales of product X for the year 2017 is
The sale of consecutive three years of an industry are shown below.
| Year | Product group (Sales) |
Product X (Sales) |
Sales of product X (Percent) |
| 2014 | 1,20,000 | 24,000 | 20 |
| 2015 | 1,25,000 | 26,250 | 21 |
| 2016 | 1,40,000 | 30,800 | 22 |
If the forecast for the year 2017 is Rs. 1,60,000 then according to trend, the sales of product X for the year 2017 is
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Solution
The correct option is D 36,800
According to trend, the sale product X increase by 1% every year. Thus the percentage sale of product X will be 23% in 2017.
⇒ Forecast for product X for the year 2017 according to trend is
=160000×23100=36,800
According to trend, the sale product X increase by 1% every year. Thus the percentage sale of product X will be 23% in 2017.
⇒ Forecast for product X for the year 2017 according to trend is
=160000×23100=36,800
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