The formula to calculate the Cost Per 100 Square Foot (CP100) is:
\[ CP100 = \frac{TC}{A} \times 100 \]
Where:
Cost Per 100 Square Foot (CP100) is a measure of the cost associated with every 100 square feet of area. It is calculated by dividing the total cost by the area in square feet and then multiplying by 100. This metric is often used in real estate and construction to assess the cost efficiency of a project.
Let's assume the following values:
Step 1: Divide the total cost by the area:
\[ \frac{5000}{2000} = 2.5 \]
Step 2: Multiply by 100:
\[ 2.5 \times 100 = 250 \]
Therefore, the Cost Per 100 Square Foot is $250 per 100 ft².
