Quarterly retention check
A company started with 1,600 customers, ended with 1,720, and added 220 new customers during the quarter.
Inputs
- Starting customers: 1,600
- Ending customers: 1,720
- New customers: 220
Steps
- Retained customers = 1,720 - 220 = 1,500
- Retention = 1,500 / 1,600 = 93.75%
Result
- Customer retention is 93.75% for the quarter.