The formula to calculate the Cost Per Square Meter is:
\[ \text{CPM2} = \frac{\text{TC}}{\text{TA}} \]
Where:
Cost Per Square Meter (CPM2) is a measure of the cost required to cover one square meter of area. It is useful for budgeting and estimating the expenses for a given space.
Let's assume the following values:
Using the formula:
\[ \text{CPM2} = \frac{500}{50} = 10 \, \text{\$/m²} \]
The Cost Per Square Meter (CPM2) is $10/m².