Consultant Rate Calculator

Formula

To calculate the Consultant Rate (CNR):

\[ CNR = \frac{CF}{T} \]

Where:

$CNR$ is the Consultant Rate in dollars per hour ($/hr)
$CF$ is the Total Consultant Fee in dollars ($)
$T$ is the Total Hours Worked by the consultant

What is Consultant Rate?

The consultant rate is the amount a consultant charges per hour of work. It is calculated by dividing the total consultant fee by the total hours worked. This rate helps clients understand the cost of consulting services and allows consultants to price their services appropriately.

Example Calculation 1

Let's assume the following values:

Total Consultant Fee ($CF$) = $2000
Total Hours Worked ($T$) = 50 hours

Using the formula:

\[ CNR = \frac{2000}{50} = 40 \text{ dollars/hour} \]

The Consultant Rate is $40.00 per hour.

Example Calculation 2

Let's assume the following values:

Total Consultant Fee ($CF$) = $1500
Total Hours Worked ($T$) = 30 hours

Using the formula:

\[ CNR = \frac{1500}{30} = 50 \text{ dollars/hour} \]

The Consultant Rate is $50.00 per hour.