There is a 96% customer retention rate for the third quarter.
Given
Jenny owns a salon.
She had 150 customers at the end of the third quarter, 151 customers at the beginning of the third quarter, and five new customers in the third quarter.
<h3>Customer retention rate</h3>
It determines the percentage of customers that the company has retained over a given period.
The customer retention rate is determined by;
Substitute all the values in the formula;
Hence, there is a 96% customer retention rate for the third quarter.
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Example
3 ÷ 93
first, how many times does three go into nine
then,subtract that from nine
after that how many times does three go into three
1 L = 1,000 mL
Divide 4,500 by 1,000 to get 4.5 L
4.5 is bigger than 4, so 4,500 mL is larger than 4 L
It is B because for every point going down, there is 3 to the left and so it is 1/3 and it has to be negative because its going left