If 1,000 coupons are distributed and 75 are returned, then the redemption rate is

Question

Quizplus · Accepted Answer

Redemption rate is the percentage of coupons that are redeemed out of the total number of coupons distributed. 
Redemption rate = (Number of coupons redeemed/Number of coupons distributed) x 100%
In this case, 
Number of coupons redeemed = 75 
Number of coupons distributed = 1000 
Redemption rate = (75/1000) x 100% = 7.5%. 
Therefore, the best choice is C.

If 1,000 Coupons Are Distributed and 75 Are Returned, Then