Enter the total amount of dollars per hour earned into the calculator to determine the number of cents per minute.
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Cents Per Minute Formula
The following formula is used to calculate cents per minute from dollars per hour.
cpm = DPH / 60 * 100
- Where CPM is the cents per minute
- DPH is the dollars per hour
To calculate cents per minute from dollars per hour, divide the dollars per hour by 60, then multiply by 100.
What are cents per minute?
Definition:
Cents per minute is a unit of monetary value earned per unit of time, which in this case is cents and minutes respectively. This is used less commonly than dollars per hour.
How to calculate cents per minute?
Example Problem:
The following example outlines how to calculate cents per minute.
First, determine the total amount of dollars earned. In this case, the amount of dollars earned was $100.00.
Next, determine the number of hours this money was earned in. It took 3 hours to earn the $100.00.
Next, determine the dollars per hour by dividing the dollars by hours = 100/3 = $33.33 /hr.
Finally, calculate the cents per minute using the formula above:
cpm = DPH / 60 * 100
cpm = 33.33/ 60 * 100
cpm = 55.55 cents per minute
