Enter the total consultant fee ($) and the total hours worked by the consultant into the Consultant Rate Calculator. The calculator will evaluate the Consultant Rate.
Consultant Rate Formula
The following two example problems outline the steps and information needed to calculate the Consultant Rate.
CNR = CF / T
- Where CNR is the Consultant Rate ($/hr)
- CF is the total consultant fee ($)
- T is the total hours worked by the consultant
To calculate the consultant rate, divide the consultant fee by the consultant hours worked.
How to Calculate Consultant Rate?
The following example problems outline how to calculate Consultant Rate.
Example Problem #1:
- First, determine the total consultant fee ($).
- The total consultant fee ($) is given as: 10,000.
- Next, determine the total hours worked by the consultant.
- The total hours worked by the consultant is provided as: 50.
- Finally, calculate the Consultant Rate using the equation above:
CNR = CF / T
The values provided above are inserted into the equation below and computed.
CNR = 10,000 / 50 = 200 ($/hr)
Example Problem #2:
For this problem, the variables required are provided below:
total consultant fee ($) = 6,000
total hours worked by the consultant = 100
Test your knowledge using the equation and check your answer with the calculator..
CNR = CF / T = ?
