For toner too it's at 600x300 resolution, which makes a difference too because as you know the higher the resolution the more ink you use. If you're taking ink jet then it could be at different resolutions; Hp does their ratings as 600x300, cannon at 600x300 at 3.75% or 500 characters, Epson at 180x180 at 5%, and Lexmark at 600x600.
If it is toner though I just divide .03 cents (us) into the cost of the cartage and that's how many pages it yields typically.