Equipment Rental Rate Calculator

Calculate Equipment Rental Rate



Formula

To calculate the Equipment Rental Rate (ERR):

\[ ERR = \frac{CE}{TE} \]

Where:

What is Equipment Rental Rate?

The Equipment Rental Rate (ERR) is the cost per hour to rent a piece of equipment. It is calculated by dividing the total cost of the equipment by the number of hours it is used.

Example Calculation

Let's assume the following values:

Using the formula:

\[ ERR = \frac{5000}{100} = 50.00 \]

The Equipment Rental Rate is $50.00 per hour.