CAT 2018 Question Paper with Solutions – Page 26
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There are only four brands of entry level smartphones called Azra, Bysi, Cxqi, and Dipq in a country. Details about their market share, unit selling price, and profitability (defined as the profit as a percentage of the revenue) for the year 2016 are given in the table below:
In 2017, sales volume of entry level smartphones grew by 40% as compared to that in 2016. Cxqi offered a 40% discount on its unit selling price in 2017, which resulted in a 15% increase in its market share. Each of the other three brands lost 5% market share. However, the profitability of Cxqi came down to half of its value in 2016. The unit selling prices of the other three brands and their profitability values remained the same in 2017 as they were in 2016.
In 2017, sales volume of entry level smartphones grew by 40% as compared to that in 2016. Cxqi offered a 40% discount on its unit selling price in 2017, which resulted in a 15% increase in its market share. Each of the other three brands lost 5% market share. However, the profitability of Cxqi came down to half of its value in 2016. The unit selling prices of the other three brands and their profitability values remained the same in 2017 as they were in 2016.
The brand that had the highest revenue in 2016 is:
- Cxqi
- Bysi
- Azra
- Dipq
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Answer: C. Azra
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The brand that had the highest profit in 2016 is:
- Azra
- Dipq
- Bysi
- Cxqi
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Answer: D. Cxqi
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The brand that had the highest profit in 2017 is:
- Azra
- Bysi
- Cxqi
- Dipq
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Answer: B. Bysi
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The complete list of brands whose profits went up in 2017 from 2016 is:
- Bysi, Cxqi, Dipq
- Azra, Bysi, Cxqi
- Cxqi, Azra, Dipq
- Azra, Bysi, Dipq
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Answer: D. Azra, Bysi, Dipq