Enter the total spent ($) and the total number of outcomes achieved into the calculator to determine the Cost Efficiency.
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Cost Efficiency Formula
The following formula is used to calculate the Cost Efficiency.
Ecost = TS / #O
- Where Ecost is the Cost Efficiency ($/outcome)
- TS is the total spent ($)
- #O is the total number of outcomes achieved
How to Calculate Cost Efficiency?
The following two example problems outline how to calculate the Cost Efficiency.
Example Problem #1:
- First, determine the total spent ($). In this example, the total spent ($) is given as 100.
- Next, determine the total number of outcomes achieved. For this problem, the total number of outcomes achieved is given as 4.
- Finally, calculate the Cost Efficiency using the equation above:
Ecost = TS / #O
Inserting the values from above and solving the equation:
Ecost = 100 / 4 = 25 ($/outcome)
Example Problem #2:
Using the same process as above, first define the variables required by the formula. In this case, these values are:
total spent ($) = 500
total number of outcomes achieved = 6
Entering these values yields:
Ecost = 500 / 6 = 30 ($/outcome)
