Enter the cost of the shop job ($) and the hours of the job into the Shop Rate Calculator. The calculator will evaluate the Shop Rate. 

Shop Rate Formula

The following two example problems outline the steps and information needed to calculate the Shop Rate.

SR = CSJ / H
  • Where SR is the Shop Rate ($/hr)
  • CSJ is the cost of the shop job ($) 
  • H is the hours of the job 

To calculate the shop rate, divide the cost of the shop job by the hours it took.

How to Calculate Shop Rate?

The following example problems outline how to calculate Shop Rate.

Example Problem #1:

  1. First, determine the cost of the shop job ($).
    • The cost of the shop job ($) is given as: 4,000.
  2. Next, determine the hours of the job.
    • The hours of the job is provided as: 20.
  3. Finally, calculate the Shop Rate using the equation above: 

SR = CSJ / H

The values provided above are inserted into the equation below and computed.

SR = 4,000 / 20 = 200 ($/hr)

Example Problem #2: 

For this problem, the variables required are provided below:

cost of the shop job ($) = 8,000

hours of the job = 40

Test your knowledge using the equation and check your answer with the calculator..

SR = CSJ / H = ?