How NEC conduit fill is calculated
Conduit fill compares the total cross-sectional area of the conductors with the internal area of the raceway. Look up each wire's area including insulation in NEC Chapter 9, Table 5, multiply by the quantity, and add the rows together. Then look up the raceway's total internal area in Chapter 9, Table 4. Each raceway type has its own row because wall thickness differs: 3/4" EMT has 0.533 in², while 3/4" PVC Schedule 80 has only 0.409 in².
Chapter 9, Table 1 sets the limit: 53% for one conductor, 31% for two, and 40% for three or more. Note 4 allows 60% in a nipple 24 in. or shorter between enclosures. Two conductors get the lowest limit because two round wires can wedge across the pipe diameter and jam during a pull.