If 1 million coupons were distributed and 55,000 were returned, the redemption rate would be

Name: If 1 million coupons were distributed and 55,000 were returned, the redemption rate would be
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

To determine the redemption rate, we need to divide the number of coupons redeemed (55,000) by the total number of coupons distributed (1 million) and multiply by 100 to get a percentage: (55,000/1,000,000) x 100 = 5.50%. Therefore, the correct answer is E) 5.50%.

If 1 Million Coupons Were Distributed and 55,000 Were Returned