Last updated: Jul 13, 2024

Cost per Minute Calculator

Created by Mariamy Chrdileli

Mariamy Chrdileli

Mariamy holds a bachelor's degree in psychology and a master's degree in clinical and health psychology. She has worked as a project manager for a World Bank enterprise survey conducted in Georgia, Moldova, Armenia, and Azerbaijan. She is passionate about research and designing laboratory-based studies, where participants' actual behavior can be systematically coded. Her main areas of interest are psychological concepts such as perfectionism, the negative evaluation aspect of shame and anxiety, and the analysis of children's stories created to help children cope with COVID-19-related anxiety/health anxiety. She loves animals, plants, and statistics. See full profile

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Reviewed by Komal Rafay

Komal Rafay

A master's in Bioinformatics, with 3+ years of experience as a project manager. She has a vast experience of 7+ years in teaching Math, Computer science, and General Sciences, not only professionally but also to help out the children of the neighborhood. She is an enthusiastic reader with a thirst for knowledge who would even read the shampoo labels. As a side hustle that satisfies her love for art, she is a body art and henna expert. In her free time, you will find her reading books, writing short stories, playing with her pets, or experimenting with food while listening to some bouncy music. See full profile

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Table of contents

How to calculate cost per minute How does the time cost calculator work?Other related tools FAQs

Welcome to the Omni cost per minute calculator, a handy tool for determining the cost of a specific service or activity per minute. Whether you're a business owner managing hourly rates, trying to figure out how much per minute price you're paying for an arcade game, or simply curious about the economics of your daily life, our calculator is here to help!

Come along to get answers to some of the questions related to cost-per-minute and cost-per-hour calculations, such as:

How do I calculate pay per minute?
How do I calculate the price per hour?
How does the time cost calculator work?

And more! ⏲️

How to calculate cost per minute

To determine the cost of a service or activity per minute, use the formula below:

\footnotesize \text{Cost per duration} = \frac{\text{Total cost}}{\text{Total duration}}

Let's utilize the formula in an example. Imagine you're interested in calculating the cost per minute of a psychological consulting service that charges $40 for a 60-minute session. To determine the value, divide the total cost ($40) by the total minutes (60 minutes). According to the results, your psychologist's calculated pay per minute is approximately $0.67.

You can apply the same formula to calculate the price per hour for a service. For example, if the service costs $120 and lasts 2 hours, dividing the total cost by two results in the hourly price of $60.

How does the time cost calculator work?

Using our time cost calculator is a straightforward process! Here's how it works:

Begin by entering the duration of your activity according to your preferred time unit.
Input the total cost associated with the activity.
That's it! The calculator will automatically determine the cost per minute for your activity.

But that's not all – our versatile tool also functions as a cost per hour calculator. Remember, you can switch between units based on your preference.

FAQs

How do I calculate call cost per minute?

To calculate the cost per minute of a call, follow these steps:

Take the total cost you've paid for a call.
Divide it by the number of minutes spent on a call.
That's all! You now know how to calculate call cost per minute.

What's the cost per minute of a $30 service for 20 minutes?

The cost per minute for a $30 service for 20 minutes is $1.50. If you need to make additional calculations of this nature, just visit Omni Calculator's cost per minute calculator, and save time!