To find the number of clients you'll have with a potential market base of 1,200 and a client acquisition rate of 8 percent, follow these steps:
1. Identify the potential market base: The potential market base is given as 1,200.
2. Determine the acquisition rate: The acquisition rate is 8 percent. To work with percentages in calculations, it's necessary to convert the percentage to a decimal. To convert 8 percent to a decimal, divide by 100:
[tex]\[
8 \% = \frac{8}{100} = 0.08
\][/tex]
3. Calculate the number of clients: Multiply the potential market base by the acquisition rate:
[tex]\[
\text{Number of clients} = \text{potential market base} \times \text{acquisition rate}
\][/tex]
Substituting the given values:
[tex]\[
\text{Number of clients} = 1,200 \times 0.08
\][/tex]
4. Perform the multiplication:
[tex]\[
1,200 \times 0.08 = 96
\][/tex]
Therefore, the number of clients you will have is 96.
So, the correct answer is:
c. 96
