Enter the total price and the number of hours into the calculator to determine the price per hour. This calculator helps in understanding how much a service or work costs on an hourly basis.
Price Per Hour Formula
The following formula is used to calculate the price per hour.
PPH = TP / H
Variables:
- PPH is the price per hour ($)
- TP is the total price ($)
- H is the number of hours
To calculate the price per hour, divide the total price by the number of hours.
What is Price Per Hour?
Price per hour is a rate that indicates how much a certain amount of work or service costs for each hour of time spent. It is commonly used to bill clients for services rendered, to estimate costs for project-based work, or to understand the value of time spent on a task. This rate is crucial for freelancers, consultants, and businesses that provide services based on time spent.
How to Calculate Price Per Hour?
The following steps outline how to calculate the Price Per Hour.
- First, determine the total price (TP) for the service or work completed.
- Next, determine the number of hours (H) spent to complete the service or work.
- Next, gather the formula from above = PPH = TP / H.
- Finally, calculate the Price Per Hour (PPH) in dollars.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
total price (TP) = $400
number of hours (H) = 8
