Answered: Statistics show that the sales force of…

Statistics show that the sales force of Golden Wholesalers successfully closed 1,715 sales out of 1,850 sales calls. What was their percent success rate? 0.0.0300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Statistics show that the sales force of Golden Wholesalers successfully closed 1,715 sales out of 1,850 sales calls. What was their percent success rate?
O 0.93%
O 9.27%
O 92.70%
O 927.03%

Expert Solution

Step 1

Solution

Calculated the percentage of success rate of sale for Golden wholesalers

Total sales calls = 1850

Actual Sales(Success Sales)= 1715

Percentage of Success rate = Actual Sales / Call sales *100

= 1715 / 1850 * 100

= 92.70 %

The Answer is 92.70%

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