Per Mille Calculator
Calculate per mille ratios easily with our per mille calculator. Calculate property fees, bank commissions, insurance premiums and other financial calculations that use per mille rates quickly and accurately.
Property & Real Estate
Property deed fees, real estate commissions, transfer taxes
Banking & Finance
Wire transfer fees, transaction commissions, processing charges
Insurance Services
Insurance premiums, coverage calculations, risk assessments
Investment & Trading
Fund management fees, trading commissions, expense ratios
What is Per Mille Calculation?
Per mille calculation is a mathematical operation that determines how many parts per thousand of a number should be taken. This calculation type is commonly used in daily life and business, especially in financial transactions.
Per Mille Calculation Formula
The basic formula used for per mille calculation is:
Per Mille Calculation Examples
- Property Deed Fee: 4‰ fee for $200,000 property = $200,000 × 4 ÷ 1000 = $800
- Bank Commission: 2‰ commission for $10,000 transfer = $10,000 × 2 ÷ 1000 = $20
- Insurance Premium: 5‰ premium for $50,000 vehicle = $50,000 × 5 ÷ 1000 = $250
Difference Between Per Mille and Percentage
Per mille calculation is similar to percentage calculation but divides by 1000 instead of 100:
- Percentage: Parts per hundred (%) - 5% of 1000 = 1000 × 5 ÷ 100 = 50
- Per Mille: Parts per thousand (‰) - 5‰ of 1000 = 1000 × 5 ÷ 1000 = 5
Per Mille vs Percentage Conversion
Converting between per mille and percentage:
- Per mille to percentage: Divide by 10 (1‰ = 0.1%)
- Percentage to per mille: Multiply by 10 (1% = 10‰)
- Examples: 5‰ = 0.5%, 15‰ = 1.5%, 25‰ = 2.5%
Per Mille Calculation Usage Areas
- Real Estate Transactions: Property deed fees, real estate commissions
- Banking Services: Wire transfer, EFT commissions
- Insurance Industry: Premium calculations, coverage fees
- Investment Management: Fund management fees, expense ratios
- Tax Calculations: Various tax and fee calculations
- Trading & Finance: Transaction fees, brokerage commissions
- Government Fees: Registration fees, licensing costs
Per Mille Calculation Tips
- Per mille rate is always divided by 1000
- The result is always smaller than the original number
- 1‰ = 0.1% = 0.001 in decimal form
- 10‰ = 1% = 0.01 in decimal form
- Per mille is useful for small rates where percentages would have many decimal places
Common Per Mille Rates in Finance
- Property transfer fees: Typically 1-10‰ of property value
- Bank wire transfer fees: Usually 1-5‰ of transfer amount
- Fund management fees: Often 5-20‰ annually
- Insurance premiums: Commonly 2-15‰ of insured value
- Trading commissions: Typically 0.5-3‰ of transaction value
When to Use Per Mille Instead of Percentage
Per mille is preferred when:
- Dealing with small rates (less than 1%)
- Precision is important for financial calculations
- Industry standard uses per mille notation
- Avoiding decimal percentages (0.5% becomes 5‰)