A grocery delivery start-up has 35,000 subscribed customers in Bengaluru. The expected customer lifetime value of these customers is ₹7,000.What is the value of this customer list?₹245 million₹145 million₹375 million₹295 million
Question
A grocery delivery start-up has 35,000 subscribed customers in Bengaluru. The expected customer lifetime value of these customers is ₹7,000.What is the value of this customer list?₹245 million₹145 million₹375 million₹295 million
Solution
The value of the customer list can be calculated by multiplying the number of customers by the expected customer lifetime value.
Step 1: Identify the number of customers, which is 35,000.
Step 2: Identify the expected customer lifetime value, which is ₹7,000.
Step 3: Multiply the number of customers by the expected customer lifetime value.
35,000 customers * ₹7,000/customer = ₹245,000,000
So, the value of the customer list is ₹245 million.
Similar Questions
A person bought some mangoes at the rate of 7 per rupee. He bought the same number of mangoes at the rate of 6 per rupee. He mixes both types and sells at 14 for rupees 6. In the business he earns a profit of Rs. 46. How many mangoes he bought in all
Amit and Bhuvan made a total profit of ₹ 8250. They decided to share it such that 15 15 of Amit’s profit is equal to 310310 of Bhuvan’s profit. Find the profit of Bhuvan.₹ 3300₹ 5000₹ 4950₹ 3500
A shopkeeper bought two mobile phones in ₹ 8000. If he sells 1st phone at 20% profit and 2nd phone at 15% profit he earns certain profit. But if he sells 1st phone at 15% profit and 2nd phone at 20% profit he gets ₹ 100 more. Find the price of both the phones.₹ 3500, ₹ 4500₹ 3000, ₹ 5000₹ 4000, ₹ 4000₹ 2000, ₹ 6000
Select the correct answerThree man A, B and C subscribes Rs.4700 for a business. A subscribes Rs.700 more than B and B Rs.500 more than C. How much will each A, B & C receive out of a profit of Rs.423?Options198,135,9096,133,196186,233,96166,73,298
A group of 800 students had registered for a seminar.Only 65% of the registered students attended the seminar.Each student brought one parent with him.The cost of attending the seminar was ₹ 20 per person.This shows that ₹ was paid to the organizers.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.