These are sample practice MCQs created for exam preparation. These are NOT official exam questions.
SUBSCRIPTION ANALYTICS: What is the annual customer retention rate? (1) Started year with 8,500 customers, ended with 9,200 customers, and acquired 1,800 new customers during the year (2) Lost 1,100 customers during the year from an opening base of 8,500 customers
Question:
SUBSCRIPTION ANALYTICS: What is the annual customer retention rate? (1) Started year with 8,500 customers, ended with 9,200 customers, and acquired 1,800 new customers during the year (2) Lost 1,100 customers during the year from an opening base of 8,500 customers
SUBSCRIPTION ANALYTICS: What is the annual customer retention rate? (1) Started year with 8,500 customers, ended with 9,200 customers, and acquired 1,800 new customers during the year (2) Lost 1,100 customers during the year from an opening base of 8,500 customers
Options
Answer: (D) EACH statement ALONE is sufficient
Explanation:
Statement (1): Retained customers = 9,200 - 1,800 = 7,400. Retention rate = 7,400/8,500 = 87.1%. Sufficient. Statement (2): Retention rate = (8,500 - 1,100)/8,500 = 87.1%. Sufficient.
Explanation:
Statement (1): Retained customers = 9,200 - 1,800 = 7,400. Retention rate = 7,400/8,500 = 87.1%. Sufficient. Statement (2): Retention rate = (8,500 - 1,100)/8,500 = 87.1%. Sufficient.
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