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

## 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