Does K mean a million?

linkedin.com - Is it K or M when referring to ""per thousand""? Here's the answer

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Have you noticed... that the print / mailing / marketing services world uses "M" in their pricing quotes while the financial world uses "K" and each one means "per thousand?

In the marketing and data world, "M" stands for per thousand records of data. In the print world, it would stand for per thousand sheets of paper, or other print functions like inserting, or completed print pieces. Many manufacturers also use "M" in their per unit pricing. M and MM are Roman numerals where M stands for "one thousand" and MM is intended to denote "one thousand thousands"or "one million". A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using Roman numerals and can also be referred to as USCS (US Customary System). CPM - Cost Per Thousand (M=1,000) - is a marketing advertising term referring to the cost usually referred to for internet pricing. For example, the cost of a Google or Facebook ad might show as $10 CPM, meaning $10 for every thousand times your ad appears. CPC means "cost per click".

The financial world uses "K" when referring to "per thousand dollars". Why is there such a difference in terms when they basically mean the same thing?

K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00. It is entirely possible when dealing with a vendor that both terms could be used in the same sentence: An example would be a marketing quote for 80,000 records of data for a list order or pertaining to a large print order:

$45/M x 80 = $3.6k ($3,600.00)

One answer I came across as to why some industries uses USCS and not metric is that when the industrial revolution happened, measurements were based on the imperial system and as time went on, it was too cost prohibitive to change. Industries dealing with science, technology or those with international business would likely use metric. Otherwise, I can't really find an answer as to why these two professions use different ways of of expressing "per thousand". Trust me though -- it makes a big difference when talking with various vendors for services. It's good to understand that these differences exist.

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What is 10 million equal to?

1 crore We get 100 lakhs=10 million=1 crore. Therefore, 10 million is equivalent to 1 crore.

vedantu.com - How many crores make 10 million? - Vedantu

Hint: We first find the relation between crores and million. These measurement units are popular across different places. We find that 1 crore is equal to 100 lakhs and 1 million is equal to 10 lakhs. We use the unitary system, to find the value in crores for 10 million.

Complete step by step solution:

We need to convert the measurement unit by changing from million to crores. We find the relation between million and crores where 1 crore is equal to 100 lakhs and 1 million is equal to 10 lakhs. We already have that in the unitary system. The unitary method is a method in which we find the value of a unit and then the value of a required number of units. The unitary method is also used to find the value of a single unit from a given multiple.

We need the equivalent of 100 lakhs both in million and crores.

We already have that 1 crore is equal to 100 lakhs.

For millions we have 10 lakhs being equal to 1 million.

We need to find 100 million.

We multiply 10 with 10 to get the equivalent value.

Therefore, $10 imes 10=100$ lakhs are equal to 10 million.

We get $100 ext{ lakhs}=10 ext{ million}=1 ext{ crore}$.

Therefore, 10 million is equivalent to 1 crore.

Note: The million and crores are units of measurements being used in different systems of measurement. The former one is mainly used in the USA and the latter one is used in India. This unit is used in the normal or common measurement units. It can also be changed to other common measurement units using the relation in the metric system.

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