In the conversion rate calculation, if you have 1000 inquiries and 300 of them subsequently become buyers, you have a ________ conversion rate:
A)30 percent
B)300 percent
C)33 percent
D).03 percent

Question

Quizplus · Accepted Answer

The conversion rate is calculated by dividing the number of conversions (in this case, buyers) by the total number of inquiries and then multiplying by 100 to get a percentage. So, $ \frac{300}{1000} \times 100 = 30\% $.

In the Conversion Rate Calculation, If You Have 1000 Inquiries