Calculating Average Sales for ABC Corporation

The question asks us to find the average sales of ABC Corporation for the eight-year period from 2013 to 2020. We are given the sales data for each of these years in Table-I.

First, let's extract the sales figures (in Rs. Billion) for each year from Table-I:

Next, we need to calculate the total sum of the sales over this eight-year period. We add up the sales figures for each year from 2013 to 2020:

Sum of Sales = $3 + 6 + 8 + 7 + 5 + 9 + 8 + 10$

Sum of Sales = $56$ Rs. Billion

The period covered is from 2013 to 2020, which includes 8 years (2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020).

To find the average sales, we use the formula:

Average Sales = $\frac{\text{Sum of Sales}}{\text{Number of Years}}$

Substituting the values we calculated:

Average Sales = $\frac{56 \text{ Rs. Billion}}{8 \text{ Years}}$

Average Sales = $7$ Rs. Billion

Therefore, the average sales of ABC Corporation for the period 2013-2020 is 7 Rs. Billion.

Let's look at the given options:

• 5.5
• 6.0
• 7.0
• 8.0

Our calculated average sales of 7 Rs. Billion matches one of the options.

The final answer is 7.0 Rs. Billion.

Revision Table: Key Calculations for Average Sales

Additional Information: Understanding Averages and Sales Data

The average is a measure of central tendency. For a set of numbers, the average (specifically, the arithmetic mean) is calculated by summing all the numbers in the set and then dividing by the count of the numbers in the set. In this case, we calculated the average sales over a specific period.

Sales data like the one provided in Table-I are crucial for businesses like ABC Corporation. Analyzing sales trends over time can help in understanding company performance, making future projections, and setting targets. The average sales figure gives a single value that represents the typical sales amount during the observed period.

The second table, Table-II, shows the breakdown of sales by category for a specific year (2020). While not directly used in calculating the *average* sales over the 2013-2020 period, this kind of data is important for understanding which product categories contribute most to the overall sales revenue in a given year.