what percent of customers say that they will happily give referrals?\n91%\n82%\n50%\n100%\n45%\n\nan account…

what percent of customers say that they will happily give referrals?\n91%\n82%\n50%\n100%\n45%\n\nan account manager has the following numbers this month: 50 customers who were up for contract renewal; 25 of those customers renewed. of those 25 who renewed, 20 bought additional products compared to their previous contract. what was the salespersons renewal rate?

what percent of customers say that they will happily give referrals?\n91%\n82%\n50%\n100%\n45%\n\nan account manager has the following numbers this month: 50 customers who were up for contract renewal; 25 of those customers renewed. of those 25 who renewed, 20 bought additional products compared to their previous contract. what was the salespersons renewal rate?

Answer

Explanation:

Step1: Recall renewal - rate formula

Renewal rate = $\frac{\text{Number of customers who renewed}}{\text{Number of customers up for renewal}}\times100%$

Step2: Identify values

Number of customers up for renewal = 50, Number of customers who renewed = 25

Step3: Calculate renewal rate

Renewal rate = $\frac{25}{50}\times100%= 50%$

Answer:

50%