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 was BILTandrsquo;s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CLAT Exam > CLAT Questions > BILT has 10% market share in paper and sells ...

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 was BILT’s average revenue over the 3 years?

a)
66000
b)
66330
c)
69330
d)
75000

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

Join for Free

Join for Free

Verified Answer

BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 ea...

View all questions of this test

Most Upvoted Answer

BILT has 10% market share in paper and sells 1000 pieces for Rs. 10 ea...

BILT's revenue in the first year?

To calculate BILT's revenue in the first year, we need to multiply the number of items sold by the price per item. In the first year, BILT sold 1000 pieces for Rs. 10 each.

Revenue = 1000 pieces x Rs. 10 = Rs. 10,000

Therefore, BILT's revenue in the first year was Rs. 10,000.

Answered by Glance Learning Institute · View profile

View all answers Start learning for free

Explore Courses for CLAT exam

Similar CLAT Doubts

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 would BILT’s S.P. in the third year have been, had the profits in the thid year been the same as the second year’s profit?

View answer

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 BILT’s revenue in the first year?

View answer

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 profit made by the company in the third year?

View answer

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?

View answer

Directions: Read the passage carefully and answer the questions that follow.Indian space startup Agnikul Cosmos on Thursday successfully launched its first sub-orbital test vehicle powered by the world’s first single-piece 3D-printed rocket engine, after calling off its launch at least four times previously.Agnibaan SOrTeD (Sub-Orbital Technology Demonstrator) lifted off at 7.15 am on Thursday in a mission of many firsts. While it is the second launch by a private startup in India, it is the first to use a private launchpad that the company has set up at the country’s only operational spaceport at Sriharikota.“Elated at the successful launch of Agnibaan SOrTeD by @AgnikulCosmos! A historic moment for India’s space sector. Powered by world’s first single piece 3D printed semi-cryogenic engine, this achievement showcases brilliance of our young innovators,” Dr Pawan Goenka, chairman of IN-SPACe responsible for coordinating with the private space sector, said on X.The Indian Space Research Organisation (ISRO) also congratulated Agnikul in a post on X, saying it is “a major milestone, as the first-ever controlled flight of a semi-cryogenic liquid engine realized through additive manufacturing”.Typically, engine parts are manufactured separately and assembled later. Using the 3D-printed manufacturing process is likely to lower the launch cost and cut down the vehicle assembly time. The company aims to offer affordable launch services to small satellites.“We are proud to present India’s first semi-cryo rocket engine, which is also the world’s most integrated single shot 3D printed piece. It signals the ability to rapidly assemble rockets that is unparalleled,” said Prof Satyanarayanan R Chakravarthy, founding advisor Agnikul Cosmos and head of National Centre for Combustion Research and Development, IIT Madras.The launch vehicle, developed by the IIT Madras-incubated startup, also demonstrated India’s first semi-cryogenic engine. The engine—called Agnilet—uses sub-cooled oxygen as fuel. Cryogenic engines, such as the one used in the upper stages of India’s heaviest launch vehicle, LVM3, use gases liquified at extremely low temperatures as fuel.The launch vehicle has been designed to launch from its mobile launchpad, called Dhanush, from any location. While this was a suborbital launch, the vehicle can fly payloads ranging from 30 kg to 300 kg.The mission was designed to reach a height of about 8 kilometres before splashing into the sea. The company hopes to conduct its first orbital launch, which will be able to carry satellites to an orbit around the Earth by the end of the financial. They hope to provide regular launched in the next calendar year. The other private launch provider Skyroot, which achieved its first sub-orbital launch in 2022, is also likely to undertake its first orbital launch this year.“This is the culmination of 1000s of hours of reviews and hard work by the team. We are blessed to have had the opportunity and the full support of IN-SPACe and ISRO to design and build original space worthy hardware in India,” said Srinath Ravichandran, co-founder and CEO of Agnikul Cosmos.[Excerpt from Indian Express “Agnikul Cosmos Launches First 3D Printed Rocket Engine” Dated 31/05/24]Where was the worlds first rocket powered by a fully 3D-printed engine launched from?

View answer

Top Courses for CLATView all

Current Affairs: Daily, Weekly & Monthly

Legal Reasoning for CLAT

Lucent for GK

Crash Course for CLAT

CLAT Mock Test Series 2026

Top Courses for CLAT

View all

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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer?.

Solutions 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer?, a detailed solution 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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 was BILT’s average revenue over the 3 years?a)66000b)66330c)69330d)75000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.

Explore Courses for CLAT exam