Enter the total profit saved on quality ($) and the total spent on quality ($) into the Return on Quality Calculator. The calculator will evaluate and display the Return on Quality.
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Return on Quality Formula
The following formula is used to calculate the Return on Quality.
ROQ = P / Q * 100
- Where ROQ is the Return on Quality (%)
- P is the total profit saved on quality ($)
- Q is the total spent on quality ($)
How to Calculate Return on Quality?
The following example problems outline how to calculate Return on Quality.
Example Problem #1:
- First, determine the total profit saved on quality ($).
- The total profit saved on quality ($) is given as: 500.
- Next, determine the total spent on quality ($).
- The total spent on quality ($) is provided as: 1000.
- Finally, calculate the Return on Quality using the equation above:
ROQ = P / Q * 100
The values given above are inserted into the equation below and the solution is calculated:
ROQ = 500 / 1000 * 100 = 50.00 (%)
Example Problem #2:
For this problem, the variables needed are provided below:
the total profit saved on quality ($) = 600
total spent on quality ($) = 7000
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
ROQ = P / Q * 100 = ?
