ms. cavanzo owns a taco shop. she had 400 customers at the end of september, 416 customers at the beginning…

ms. cavanzo owns a taco shop. she had 400 customers at the end of september, 416 customers at the beginning of september and 25 new customers in september. what is her customer retention rate in september? 96% 6% 90% 80%

ms. cavanzo owns a taco shop. she had 400 customers at the end of september, 416 customers at the beginning of september and 25 new customers in september. what is her customer retention rate in september? 96% 6% 90% 80%

Answer

Explanation:

Step1: Calculate number of retained customers

Number of retained customers = End - New = 400 - 25 = 375

Step2: Calculate retention rate

Retention rate = $\frac{\text{Retained}}{\text{Initial}}\times100%=\frac{375}{416}\times 100%\approx 90%$

Answer:

90%