What is CPC?
CPC is cost per click, the average price you pay each time someone clicks your ad. This CPC calculator divides your spend by your clicks and also shows how many clicks $100 buys at that rate.
CPC is the bridge between what you pay for attention and what you get for it. It is not a goal in itself, since the aim is customers rather than clicks. But it is the number that tells you whether traffic is affordable before you have enough conversion data to judge anything else. On day two of a new campaign you will not have enough purchases to trust a cost per acquisition figure, yet you will have plenty of clicks, and a CPC at triple your account average is already telling you something.
It also sets a hard limit on scale. If your landing page converts at 2% and you pay $2 a click, every customer costs $100 in traffic before any other expense. CPC sits between two other numbers in the ad metrics cluster: the CPM calculator covers what you pay for impressions, and the CTR calculator covers how efficiently those impressions turn into the clicks you are pricing here.