Guesstimate 1 – How many t-shirts are sold in India per day?
How many t-shirts e-commerce companies selling in India per day?
We can approach this problem in two ways:
Demand side
Supply side
I am going to solve using demand of t-shirts in the market
Total population of india : 1 bn (approx)
Reach to internet : 40% =400 Mn
Reach of ecommerce companies to deliver products : 3/4th = 300Mn
Let’s assume 50% are male and 50% are female
Lets solve for male population first:
Now i have divided males in the four categories on the basis of age because demand of t-shirts for different age groups will be different
0–15 yr = 45 Mn, on an average, individual own 4 t shirts -> 445=180 Mn
16–22 yr = 23 Mn, on an average individual own 4 t shirts -> 423 = 92 Mn
23–50 yr = 65 Mn, on an average individual own 3 t shirts -> 365 = 195 Mn
50 – 80 yr = 18 Mn, on an average individual have 2 t shirts -> 218 = 36 Mn
Total t shirts own by men : 180 + 92+195+36 = 503 Mn ~ 500 Mn
Let’s solve for female population now:
0–15 yr = 45 Mn, on an average individual own 2 t shirts -> 245=90 Mn
16–22 yr = 23 Mn, on an average individual own 4 t shirts -> 423 = 92 Mn
23–30 yr = 15 Mn, on an average individual own 3 t shirts -> 3*15 = 45 Mn
30 – 80 yr = 67 Mn -> we can neglect this section. Only few ladies prefer to use t-shirts in this age group.
Total t shirts own by females : 90+92+45 = 227 Mn ~ 230 Mn
Total t shirts own by men + women = 500+230=730 Mn
Average life of a t shirt = 2 year
Demand per year = 365 Mn ~ 360 Mn
Online portals provide coupons and offers but because of trust factor and fitting issues, people in india still prefer to buy offline, So i am assuming 30% of people buy t shirt from ecommerce portal and 70% are buying from market.
Total number of t-shirts sold through ecommerce platform per year in India= .3*360 = 108 Mn ~ 100 Mn per year
Number of t-shirts sold in India per day(From ecommerce portal) = 100 * 10^6/365 ~ 27,000
The Data Monk services
We are well known for our interview books and have 70+ e-book across Amazon and The Data Monk e-shop page . Following are best-seller combo packs and services that we are providing as of now
- YouTube channel covering all the interview-related important topics in SQL, Python, MS Excel, Machine Learning Algorithm, Statistics, and Direct Interview Questions
Link – The Data Monk Youtube Channel - Website – ~2000 completed solved Interview questions in SQL, Python, ML, and Case Study
Link – The Data Monk website - E-book shop – We have 70+ e-books available on our website and 3 bundles covering 2000+ solved interview questions. Do check it out
Link – The Data E-shop Page - Instagram Page – It covers only Most asked Questions and concepts (100+ posts). We have 100+ most asked interview topics explained in simple terms
Link – The Data Monk Instagram page - Mock Interviews/Career Guidance/Mentorship/Resume Making
Book a slot on Top Mate
The Data Monk e-books
We know that each domain requires a different type of preparation, so we have divided our books in the same way:
1. 2200 Interview Questions to become Full Stack Analytics Professional – 2200 Most Asked Interview Questions
2.Data Scientist and Machine Learning Engineer -> 23 e-books covering all the ML Algorithms Interview Questions
3. 30 Days Analytics Course – Most Asked Interview Questions from 30 crucial topics
You can check out all the other e-books on our e-shop page – Do not miss it
For any information related to courses or e-books, please send an email to [email protected]
Comment ( 1 )
If we take men: women ratio as 1:1, can the distribution of the population of males and females in similar age groups be taken as same?