What the dilution equation assumes
The classic dilution equation states that the amount of solute stays constant before and after dilution, so concentration times volume is conserved: C1V1 = C2V2.
That means the page is appropriate when you are making a lower-concentration solution from a stronger stock of the same substance and the same concentration basis.
C1V1 = C2V2
Relates stock concentration and transferred stock volume to target concentration and final prepared volume.
Dilution factor = C1 / C2 = V2 / V1
Shows how many times the stock is diluted between the starting and final solution.