How do I calculate profit per hour in excel?

  • Thread starter Excel calculations
  • Start date
E

Excel calculations

I am tracking money I make because it varies on a daily basis. I have
beginning balance of a certain time and ending balance of another time. I
have a column for profit/loss. Also I keep track of the starting time and
ending time. I have the total time worked. With this information, how do i
calculate profit per hour?
 
T

T. Valko

The general formula would be:

(end bal - start bal) / total time worked

Is your total time worked in a time format (8:00) or a decimal format (8.0)
?

If it's in decimal format (8.0):

A1 = start balance
B1 = end balance
C1 = total time worked

=(B1-A1)/C1

You might want to round to 2 decimal places:

=ROUND((B1-A1)/C1,2)

If your total time worked in a time format (8:00):

=(B1-A1)/(C1*24)

You might have to format that one as General or Number

=ROUND((B1-A1)/(C1*24),2)
 

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