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Math Help - Help with calculation...

  1. #1
    Newbie
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    Dec 2011
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    Help with calculation...

    Hi all

    I'm new to all this so please go easy...hopefully this is the right place!

    I have to assign a fixed-fee contract to 3 consultants at different rates and I can't remember for the life of me how to account for this!

    Basically, the monthly fee totals 13,800 and the breakdown is as follows:

    CON1 did 5.73 days @ 1,800 per day
    CON2 did 5.23 days @ 1,800 per day
    CON3 did 5 days @ 1,200 per day

    Hopefully this is an easy one for someone...

    Thanks in advance,

    Derek
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  2. #2
    MHF Contributor

    Joined
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    Re: Help with calculation...

    Well, you have a problem. If CON1 did 5.73 days @ 1800 per day, then you owe CON1 (5.73)*(1800)= 10314. If CON2 did 5.23 days @ 1800 per day, then you owe CON2 (5.23)(1800)= 9414. iF CON3 did 5 days @ 1200 per day then you owe CON3 (5)(1200)= 6000.

    Now, those total 25728, considerably higher than the total 13800. If you want to divide that among the three, according to their percentage of the total work then note that 10314/25728= .40 or 40%. Also 9414/25728= .365 or 37%. Finally, 6000/25728= .23 or 23%. Divide the 13800 in those ratios (multiplying it by each of those fractions). But if they were expecting there regular wage, they will NOT be happy!
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