On Wednesday nights,one TV hit commanded the highest advertising rates for the network TV season,charging advertisers $658,333 per 30 seconds.During one Wednesday in April,the hit show had almost 25 million viewers.Calculate CPM for this Wednesday in April.

Question

Quizplus · Accepted Answer

CPM (cost per thousand) is calculated as follows:

CPM = (cost of advertisement / total viewers) x 1000

First, we need to convert the cost of the 30-second ad from dollars to cents:

$658,333 = 65,833,300 cents

Then we can calculate the CPM:

CPM = (65,833,300 / 25,000,000) x 1000
CPM = 2,633.33

Rounding to the nearest cent, we get:

CPM = $26.33

Therefore, the best choice is C.

On Wednesday Nights,one TV Hit Commanded the Highest Advertising Rates