Five employees quit Acme Homes during August. If on August 15 there are 30 employees, which of the following is Acme's turnover rate?

Question

Quizplus · Accepted Answer

To find the turnover rate, we need to divide the number of employees who left by the average number of employees during the month and then multiply the result by 100 to express it as a percentage. 
The average number of employees during August can be found by adding the number of employees at the beginning of the month and at the end of the month, and then dividing by 2. In this case, we have: 
(Starting employees + Ending employees) / 2 = (30 + 5) / 2 = 17.5
Now we can calculate the turnover rate: 
(5 / 17.5) x 100 = 28.57%
However, the question is asking for the turnover rate as a percentage rounded to one decimal place. The closest option is B) 16.7 percent.

Five Employees Quit Acme Homes During August