Hi-Tech sales has 400 employees. in one year 32 employees quit and had to be replaced. What was Hi-Tech's turnover rate?
A 12.5 percent
B 8 percent
C 32 percent
D 100 percent
To calculate the turnover rate, divide the number of employees who left and were replaced (32) by the total number of employees (400), and then multiply by 100.
Turnover rate = (32/400) * 100 = 0.08 * 100 = 8%
Therefore, the correct answer is B) 8 percent.