Question

In the year 2000, the luxury car manufacturers -Maruti and Honda
with market shares of 25% and 75% respectively .in 2001 ,the
overall market for the product increases by 50% and
the new player BMW also entered the market share .if we know that the market
share of Maruti increased to 50% in the second year,
the share of honda in that year was

a.50%
b.45%
c.40%
d.35%

Answer 1

@aum

Answer 2

@freckles

Answer 3

@amistre64

Answer 4

@jhonyy9

Answer 5

assume we start with 25+75 for a total market share. what is the new total for 2001?

Answer 6

150

Answer 7

that just gives us a feel for how the market grew, doesnt really define the answer tho.

as i see it, BMW and honda have to share the remaining market but we simply dont know how much BMW has bit into the market .... i cant see a good solution without further information

Answer 8

sorry the question has the share of BMW as 15 %
@amistre64


In the year 2000, the luxury car manufacturers -Maruti and Honda
with market shares of 25% and 75% respectively .in 2001 ,the
overall market for the product increases by 50% and
the new player BMW also entered the market share and captured
15% of the market share .if we know that the market
share of Maruti increased to 50% in the second year,
the share of honda in that year was

Answer 9

so 3 people have control of the market, 50 and 15 are used up, whats left over?

Answer 10

35?

Answer 11

yep

Answer 12

hey bu \( 25 *150\% \neq 50\)

Answer 13

the market is always 100% ...

Answer 14

if i own 25% of 10 fish, and those fish multiply to 1000, i still have 25% of them.

Answer 15

ok thnks i thought it will have some complex calculation

Answer 16

if we assume the market was 100 people

25 drove one car, and 75 drove the other

the next year, we just have 150 people driving cars; 50% are driving the one, 15% are driving the BMW, that leaves the remaining percent for the solution

Answer 17

oh yes , i misinterpretted the question completely

Answer 18

good luck :)