The formula to calculate the cost per rating point (CPRP) is:
\[
CPRP = \frac{TCC}{GRP}
\]
Where:
\( CPRP \) is the cost per rating point in dollars per rating point
\( TCC \) is the total campaign cost in dollars
\( GRP \) is the gross rating points
Definition
Cost Per Rating Point (CPRP): An advertising rate standard used by radio and TV stations. It represents the cost to reach a certain number of listeners or viewers. Advertisers use CPRP to compare the effectiveness of their advertising versus the costs involved.
Example
Let's say the total campaign cost (TCC) is $50,000 and the gross rating points (GRP) are 200. Using the formula:
\[
CPRP = \frac{50000}{200}
\]
We get:
\[
CPRP = 250\, \text{dollars per RP}
\]
So, the cost per rating point is $250 per RP.
Extended information about "Cost-Per-Rating-Point-CPRP-Calculator"