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This is my current statistics with one woo-commerce site with less than a hundred daily visitors. I also have installed a URL shortener script, Qr menu script, and some static HTML websites.It all depends on how heavy/busy your sites are. Say for some reason you decided to use WooCommerce for a 10,000 SKU store with 1,000,000 hits a day with thousands of concurrent users... you'd be insane to think this VPS plan is up to the task. But if you had 100 WooCommerce stores with 5 products each and only 10 hits a day per site? A well-optimized setup should be able to handle it.
tl;dr: It depends.
I have tried checking it using top command but I haven't gotten anything tangible. Is there an easier method to check individual usage? I am new to all these VPS thing.You seem to have a lot of things going on. What exactly is in your WordPress site aside from WooCommerce? Are all your stuff optimized (including the non-WordPress things)? In any case, check your processes, identify which ones are the culprit for very high CPU usage, then take action accordingly. Bear in mind you have access to 1 CPU core @ 2.4GHz so this is obviously a limiting factor here as well.
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