Question

Q1. Refer to information given below and answer the question : No of customers visited the store – 1362 No of bills generated – 398 Total number of units sold – 724 Total Sale –Rs. 199000 Calculate : 1. Conversion Rate..?

Answer 1

Given:

Find the question.

To find:

Conversion Rate =?

Solution:

Amount of visited customers = 1362  

Number of bills = 398  

unit of Sale = 724

Selling price = Rs 199000  

$\text{Conversion Rate} = \frac{\text{Number of Bills}}{\text{ Amount of visited customers}}$

                          $= \frac{398}{1362} \\\\= 0.2922$

Calculating the percent conversion rate:

$= 0.2922 \times 100\\\\=29.22 \ \ \%$

The answer is "0.2922".