The voltage measured (Vout) follows this formula: Vout=Vin* (R2/ (R1+R2)) where Vin is 5V, R2 is 10k ohm and R1 is the photoresistor value that ranges from 1M ohm in darkness to 10k ohm in daylight (10 lumen) and less than 1k ohm in bright light or sunlight (>100 lumen). More @Wikipedia
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