Enter the total days lost to injury and the average earnings per day ($) into the Injury Cost Calculator. The calculator will evaluate and display the Injury Cost.
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Injury Cost Formula
The following formula is used to calculate the Injury Cost.
IC = DL * EPD
- Where IC is the Injury Cost ($)
- DL is the total days lost to injury
- EPD is the average earnings per day ($)
How to Calculate Injury Cost?
The following example problems outline how to calculate Injury Cost.
Example Problem #1:
- First, determine the total days lost to injury. The total days lost to injury is given as 50.
- Next, determine the average earnings per day ($). The average earnings per day ($) is provided as 100.
- Finally, calculate the Injury Cost using the equation above:
IC = DL * EPD
The values given above are inserted into the equation below:
IC = 50 * 100 = 5000 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total days lost to injury = 60
average earnings per day ($) = 200
Entering these values and solving gives:
IC = DL * EPD = 24,000 ($)
