The formula to calculate the conversion rate is:
\[ \text{CVR} = \left( \frac{\text{CV}}{\text{CL}} \right) \times 100 \]
Where:
Let's consider an example:
Using the formula to calculate the conversion rate:
\[ \text{CVR} = \left( \frac{50}{1000} \right) \times 100 = 5\% \]
This demonstrates that with 1000 total clicks and 50 total conversions, the conversion rate is 5%. ✅