Freelance Day Rate Calculator
Convert an hourly rate to day rate, or calculate day rate needed to hit income targets. This tool helps consultants and freelancers set a daily rate based on hourly pricing, including overhead margins.
Formula & Math Logic
Base Day Rate = Hourly Rate * Hours. Recommended = Base Day Rate * (1 + Markup/100).
Worked Calculation Example
$80/hour with 10% Markup
At 8 hours/day, base is $640. Adding a 10% markup makes the day rate $704.
Frequently Asked Questions (FAQ)
Why add a day rate markup?
Day rates carry risk. A markup helps cover administrative tasks and potential unpaid work scope changes.
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