Question

Trina's Bakery had 600 customers last year and this year, 400 of those customers still patronize the bakery. What is the retention rate at Trina's Bakery?
Multiple choice question.

67%

33%

44%

22%

Answer 1

To calculate the retention rate, you can use the formula:

\[
\text{Retention Rate} = \left( \frac{\text{Number of Customers Retained}}{\text{Total Number of Customers Last Year}} \right) \times 100
\]

In this case:

- Number of Customers Retained = 400
- Total Number of Customers Last Year = 600

Now plug in the values:

\[
\text{Retention Rate} = \left( \frac{400}{600} \right) \times 100 = \left( \frac{2}{3} \right) \times 100 \approx 66.67\%
\]

When rounded, this gives us approximately 67%.

So the correct answer is **67%**.