A sealed vial of lyophilized peptide is a mass. The label says 10 mg, or 5 mg, or 80 mg for a blend. It says nothing about volume, because there is none: the cake at the bottom of the glass is dry.
Adding a solvent turns that mass into a solution, and a solution has a concentration:
C = m / V, where m is the mass of peptide stated on the label and V is the volume of diluent added.
Everything else on this page follows from those two letters. The mass is fixed by the supplier and confirmed by the lot certificate. The volume is the only variable the laboratory controls, and it is chosen so that the working aliquots come out at a volume the pipette handles well.
The calculator above also prints the mass carried by a 0.1 mL aliquot, because 0.1 mL is the smallest volume most bench pipettes measure without a visible error, and because reading the number in that form makes two vials of different strength directly comparable.
