Piece Rate Calculator

Calculate Piece Rate



Formula

The formula to calculate the Piece Rate is:

\[ PIR = \frac{PP}{HW} \]

Where:

What is Piece Rate?

Piece Rate is a method of payment where workers are paid a fixed rate for each unit they produce or action they perform. This calculation helps determine the hourly rate based on total earnings and hours worked.

Example Calculation

Consider an example where:

Using the formula to calculate the Piece Rate:

\[ PIR = \frac{500}{25} = 20 \text{ per hour} \]

This means that the piece rate for this example is $20 per hour.