The formula to calculate the Cost Per Thousand (CPT) is:
\[ CPT = \frac{TC}{TI} \times 1000 \]
Where:
CPT, or Cost Per Thousand, is a metric used in business to describe the cost of every thousand impressions or units produced. In advertising, CPT is commonly used to measure the cost of acquiring one thousand impressions of an ad. It can also be applied to manufacturing, where it measures the cost of producing one thousand goods.
Let's assume the following values:
Using the formula to calculate the Cost Per Thousand (CPT):
\[ CPT = \frac{5000}{1000000} \times 1000 = 5 \text{ dollars} \]
The Cost Per Thousand (CPT) is $5.
