Cloud computing offers lot of benefits including easy access to user data, ease of management for users and reduction of amortized cost of owner-ship. The significant feature of cloud computing is pay-as-you-go method. The cloud provider vends the services or calculates resources to the customers, and swing the economy of computing by letting clients to pay only for the capacity that is very much required by them. Therefore, the pricing of compute resources is vital for cloud computing, and it determines the profit of cloud provider. In a situation where a job-based service is provided by a service provider, these jobs include commercial clients scientific partners, or others. The outcome of this research will enhance the value to the customer. In this context, the study has formulated an optimal scheduling algorithm to reduce computation time in cloud services.