The formula to calculate the Churn Rate (CR) is:
\[ CR = \frac{CL}{TC} \times 100 \]
Where:
A churn rate is defined as the rate at which customers are lost during a time period. It is an important metric for businesses to understand customer retention and identify areas for improvement.
Let's assume the following values:
Using the formula to calculate the churn rate:
\[ CR = \frac{50}{1000} \times 100 = 5\% \]
The Churn Rate (CR) is 5%.