Dress to Impress, a fashion magazine, has a readership of 5,000,000. A full page ad in Dress to Impress costs $50,000. This means that the cost-per-thousand (CPM) to advertise in the magazine is
Expert Answer
Readership = 5000000
Impress cost = $50000
CPM = Impress cost / (readership / 1000)
= 50000 / (5000000/1000)
= 50000/5000
= 10