Month-to-month retention of agents in XYZ is 70%. This means, 70% of agents continue shopping at XYZ the following month. 30% of agents are one-off and will not come back to XYZ. In March, the split between new and recurring agents were 50-50. What is the share of new agents in May that are new, out of 3,046 agents?

Answer rating: 100% (QA)

There are 3 046 agents in May The monthly retention of agents is 70 This means that 7... View the full answer