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Close Rate Calculation

Jibbran
New Contributor

Hello, I noticed in the report that the close rate is showing as 60% for a case where I have 14 Total Jobs Booked and 8 Opportunities Booked. Based on logic, the Close Rate should be calculated as:

function calculateCloseRate(closedOpportunities, salesOpportunities) { 
  if (salesOpportunities === 0) return 0; // Avoid division by zero 
  return (closedOpportunities / salesOpportunities) * 100; 
} 
// Example usage: 
const totalJobsBooked = 8; 
// closed opportunities 
const opportunitiesBooked = 14; 
// sales opportunities 
const closeRate = calculateCloseRate(totalJobsBooked, opportunitiesBooked); 

console.log(`Close Rate: ${closeRate.toFixed(2)}%`);

So in this case, that would be:

Close Rate: 57.14%

Anyone, please clarify which columns I should be using to calculate Close Rate on my end, and whether the numerator and denominator may be reversed or based on a different interpretation?

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