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alexdok [17]
3 years ago
6

In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is

Business
1 answer:
Makovka662 [10]3 years ago
6 0

Answer:

Turnover index = 13.74

Explanation:

Given that,

Total no. of homes = 524

Sold homes = 72

We need to find the turnover index in this neighborhood. It is defined as the ratio total number of leavers in a month by your average number of employees in a month multiplied by 100.

In this situation,

\text{turnover index}=\dfrac{\text{sold homes}}{\text{Total no. of homes}}\times 100\\\\=\dfrac{72}{524}\times 100\\\\=13.74

Hence, the turnover index rate is 13.74.

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