Help me understanding facebook ads

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avi

Keymaster
Okay I thought of advertising my page using facebook ads.

The amount for suggested bidding for CPC showing 108 INR :O

that means I have to pay 108 rupees for one LIKE ? or did I get it wrong.

So far what I have understood :
CPC - Pay per click - I have to pay ONLY when someone clicks it
CPM - Pay per impressions - I have to pay when my ads are shown for 1000 times.
 
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