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Thread: Determine Number Based on Percentage

  1. #1

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    Super Moderator dday9's Avatar
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    Determine Number Based on Percentage

    I am an insurance sales guy and I need to determine how many quotes I need to give in order to write a certain amount of policies based on my close ratio, and I don't know how to calculate that. For example, if I have a close ratio of 9.6% how many quotes do I need to give in order to write 23 policies?

    Edit - After some painstaking thinking... I think I may have got it.

    You would convert the description to: 9.6% * X = 23
    Then you would convert the equation to: 9.6 / 100 * X = 23
    To get: 0.096 * X = 23
    Then you would divide both sides by 0.096 to get: X = 239.58

    So I would need to quote 240 people to write 23 policies.

    Could someone confirm this?
    Last edited by dday9; Jun 21st, 2016 at 05:47 PM.
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  2. #2
    Still learning kebo's Avatar
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    Re: Determine Number Based on Percentage

    you're right.
    I set these problems up as ratios by saying 9.6 is to 100 like 23 is to x...

    9.6/100 = 23/x

    x = (23*100)/9.6 = 239.58
    Last edited by kebo; Jul 2nd, 2016 at 02:29 PM.
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