BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.Revenus = number of items sold x priceProfits = Revenue - Total costsQ.What is the market size in the second year?a)3600b)12000c)1200d)Data insufficientCorrect answer is option 'B'. Can you explain this answer?

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BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.
Revenus = number of items sold x price
Profits = Revenue - Total costs

Q. What is the market size in the second year?

a)
3600
b)
12000
c)
1200
d)
Data insufficient

Correct answer is option 'B'. Can you explain this answer?

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Market Size in the Second Year

To calculate the market size in the second year, we need to consider the overall market growth rate and BILT's market share growth rate.

Overall Market Growth:
- The overall market grows by 20% each year for the next 2 years.
- Since the current market size is not provided in the question, we will assume it to be the initial market size.

BILT's Market Share Growth:
- BILT is able to increase its market share by gaining 20% market share every year for the next 2 years.
- BILT currently has a 10% market share in the paper market.

Calculating the Market Size:
- Let's assume the initial market size is 'M'.
- In the first year, BILT gains an additional 20% market share, so its market share becomes 10% + 20% = 30%.
- BILT sells 1000 pieces in the first year, so the total market size in the first year can be calculated as:
- Market Size in the First Year = 1000 / (BILT's Market Share in the First Year) = 1000 / 0.30 = 3333.33 (approx.)

- In the second year, BILT gains another 20% market share, so its market share becomes 30% + 20% = 50%.
- BILT raises prices by Rs. 5 every year, so the price per piece in the second year becomes Rs. 10 + Rs. 5 = Rs. 15.
- BILT sells the same number of pieces as the previous year (1000) but at a higher price, so the revenue in the second year can be calculated as:
- Revenue in the Second Year = (Number of Items Sold) * (Price per Piece) = 1000 * 15 = Rs. 15000.

Therefore, the market size in the second year is Rs. 15000.

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BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.Revenus = number of items sold x priceProfits = Revenue - Total costsQ.What is the market size in the second year?a)3600b)12000c)1200d)Data insufficientCorrect answer is option 'B'. Can you explain this answer?

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BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.Revenus = number of items sold x priceProfits = Revenue - Total costsQ.What is the market size in the second year?a)3600b)12000c)1200d)Data insufficientCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.Revenus = number of items sold x priceProfits = Revenue - Total costsQ.What is the market size in the second year?a)3600b)12000c)1200d)Data insufficientCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 each. It launches a new product to captivate the customer. The overall market grows by 20% each year for the next 2 years and BILT is able to increase its market by gaining 20% market share every year for the next 2 years. It raises prices by Rs. 5 every year. The cost structure has a fixed and variable component. Its fixed costs are Rs. 5,000 every year. Variable costs are Rs. 5 in the first year and this increase by Rs. 3 every year. The market share here refers to share by volume i.e. number of items sold.Revenus = number of items sold x priceProfits = Revenue - Total costsQ.What is the market size in the second year?a)3600b)12000c)1200d)Data insufficientCorrect answer is option 'B'. Can you explain this answer?.

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