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Hourly wage

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  1. #1
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    Hourly wage

    Easy one here hopefully:

    See attachment. Picture 1.png

    What formula should I put into R3 (hourly wage) so that it divides the profit by the total time.

    I tried R3=P3/Q3 but I got $3.31 which is wrong. It should be around $10.60.

    Thanks.

  2. #2
    Forum Contributor
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    you need to convert 12:27 ( a time)
    to number of hours, eg 12.48

    =q3/z3*24

    in z3 enter 23:59:59

    then your formula will work

  3. #3
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    No joy. I got something like 1,072 ??

    Q3 has the formula =SUM(I5:I54) if that is relevant.

    Picture 1.png

    Could you explain in more detail what I have to do because I'm a bit confused.

    Thanks

  4. #4
    Forum Expert NBVC's Avatar
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    =P3/Q3/24 formatted as Currency
    Where there is a will there are many ways.

    If you are happy with the results, please add to the contributor's reputation by clicking the reputation icon (star icon) below left corner

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  5. #5
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    Thanks but this is still not working. I put =P3/Q3/24 into R3 and got $0.12.

    I'll start again.

    Picture 2.png

    In R3 I need to divide P3 by Q3 to get the hourly wage.

    Codes are as follows:

    N3: =P3/O3
    O3: =SUM(F5:F54)
    P3: =INDEX(L4:L101,COUNT(L4:L101))-L4
    R3: ?

    Thanks.

  6. #6
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    =p3/(q3*24)

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