To calculate cents per minute from dollars per hour:
CPM=DPH60×100
Where:
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.
Let's assume the following value:
Using the formula:
Step 1: Divide the dollars per hour by 60:
DPH60=2060≈0.3333
Step 2: Multiply by 100 to get cents per minute:
CPM=0.3333×100=33.33 cents
Let's assume the following value:
Using the formula:
Step 1: Divide the dollars per hour by 60:
DPH60=1560=0.25
Step 2: Multiply by 100 to get cents per minute:
CPM=0.25×100=25 cents