Create Date: July 25, 2024
Last Modified Date: December 18, 2024
Cents per minute is a way to measure pay. It is not as commonly used compared to dollars per hour, but for certain jobs, it can be the preferred breakdown of pay. It measures the number of cents you get per minute of working.
When you are going to calculate the cents per minute, you need to have two things: the total pay and the total amount of time worked. You will then use this formula:
After you use this tool you will get two results. First you will see your cents per minute which is the number of cents, or pennies, you would receive for each minute worked based on your situation. Then, you will get your dollars per hour rate to give you a better understanding of your pay.
If you are trying to calculate cents per minute, or CPM, this tool is the one for you. It is designed to be simple and easy to use so you can quickly get your answer and be on your way. The steps involved with using this tool includes:
George got paid $75 for a task that took him 1 hour and 20 minutes. To find his cents per minute, we do the following: CPM = (75 * 100) / 80 to get a CPM of 93.75.
So every minute that George worked, he got paid 93.75 cents, or just under a dollar. This was equivalent to getting paid $56.25 an hour!
Cents per minute is often used by call centers, freelancers, and support centers, though it is not a common pay scale.
This is equivalent to $3 per hour. Multiply 5 by 60 to get 300 cents, then divide by 100 to convert to dollars.
