@Mohammed Arshad Alikhan Thanks for reaching out. Depending upon the SKU you have used to create logic app the pricing will differ.
You can refer to the document below for more details:
https://learn.microsoft.com/en-us/azure/logic-apps/logic-apps-pricing
https://learn.microsoft.com/en-us/azure/logic-apps/plan-manage-costs
To answer your below query :
If I have 10 Logic Apps created and running for 2 minutes each and another 1 logic App running for 20 mins. Which would cost me more in terms of billing?
If you are running in consumption SKU then and depending upon how many trigger/actions was executed you will be billed per trigger/actions. In case you are running your workflow in standard SKU then it will be charged based on the Standard Pricing tier as the compute resource will be dedicated to your workflow and Azure connector action/trigger per usage basis. The inbuild connector action/trigger will be free in Standard SKU but not the Azure connector.
@Mohammed Arshad Alikhan It would not be possible to provide information what is SKU will be cheaper as you need to know how many action/triggers will be executed in your workflow along with frequency. That's the reason pricing calculator helps to for the estimation cost as per your requirement.
Assuming all actions that you are using are Azure connectors in standard logic app then consumption logic app would be far cheaper than standard logic app. In case if there are mix of actions inbuild/azure then you need to refer to azure pricing calculator to determine how many inbuild action/azure action will get executed in all your 10-logic app per hr/day. Then you can compare what SKU would be cheaper in your case.