get hourly pay rate

redspanna

Well-known Member
Joined
Jul 27, 2005
Messages
1,602
Office Version
  1. 365
Platform
  1. Windows
Hi all

In cell E2 I have formula to get total time worked through a range of days, this total is formatted as [h]:mm
for example if cell E2 holds value 9:23, this means total worked is 9hrs 23mins

in Cell R2 I have the actual total salary received for this same period
for example if cell R2 holds 246.04, this is the total amount received for the period.

I would like cell S2 to show me what the hourly rate would be given the total time worked vs the total amount of pay received.

for example if E2 holds the value 25.10 (total of 25hrs and 10mins worked) and R2 holds £500.00 what would the hourly rate be?

thanks in advance
 

Excel Facts

Excel motto
Not everything I do at work revolves around Excel. Only the fun parts.

Forum statistics

Threads
1,215,510
Messages
6,125,228
Members
449,216
Latest member
biglake87

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top