Questions

Mango Cup is associated with Cricket game. The MANGO CUP is a Triangular Cricket limited overs tournament between the Manglorean CatholicAssociation of Sydney (MCAS), Australian Residents Anglo Indian Association (ARAIA) and GoanOverseas Association-NSW (GOA).

Hence, the tournament is named from both (Man) from Manglorean CatholicAssociation of Sydney and (go) from GoanOverseas Association-NSW.

The logic in the given puzzle is 

Addition of numeric values of corresponding letters in the first three figures gives respective corresponding letter in fourth figure. 

i.e, A = 1 , W = 23 , B = 2 => 2 + 1 + 23 =26 = 'Z'

Similarly, L = 12, K = 11 , A = 1 => 1 + 11 + 12 = 24 = 'X'

Here the missing letter is 'X'.