n NISM Certifications
XV NISM Series XV
Medium

The organised tyre industry reports revenues of ₹6,000 cr, ₹8,000 cr, and ₹10,000 cr, representing 80% of the market. What is the total market size?

Practice question from NISM XV Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. ₹30,000 crore

    Correct answer

  2. B

    ₹48,000 crore

  3. C

    ₹36,000 crore

  4. D

    ₹24,000 crore

Why this is the answer

Organised sector sales = 6,000 + 8,000 + 10,000 = ₹24,000 cr = 80% of total market. Total market = 24,000 × 100 ÷ 80 = ₹30,000 cr.

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