The formula to calculate the Closing Ratio (CR) is:
\[ CR = \frac{S}{L} \times 100 \]
Where:
The Closing Ratio is a metric used to measure the effectiveness of a sales process. It is calculated by dividing the number of sales made by the number of quotes or leads, then multiplying by 100. This ratio helps businesses understand how well they are converting leads into actual sales.
Let's assume the following values:
Using the formula to calculate the closing ratio:
\[ CR = \frac{30}{100} \times 100 = 30\% \]
The Closing Ratio (CR) is 30%.