how to figure pay out

Discussion in 'Ask An Owner Operator' started by TruckerPete1990, Mar 9, 2015.

  1. TruckerPete1990

    TruckerPete1990 Road Train Member

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    How do I figure out the pay? Let's say I'm getting 65% of a load going 600 miles for total of $900. How can I figure out what the pay per mile is?
     
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  3. double yellow

    double yellow Road Train Member

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    $900 for 600 miles is $1.50/mile (900/600). Multiply by 65% to get $585 & $0.975/mile.


    Unless your 65% cut is $900, in which case the load paid originally paid $1385 (900/.65) or $2.31/mile
     
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  4. BrianE

    BrianE Light Load Member

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    Take the dollar amount and divide by the miles driven. 900/600=1.5
     
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  5. Long FLD

    Long FLD Road Train Member

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    65% of $900 is $585 and divided by 600 miles is $.975 a mile.

    Dang I'm slow. Lol
     
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  6. rollin coal

    rollin coal Road Train Member

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    There's a formula for everything just a matter of decimal points.

    900 x .65 = 585

    585 ÷ 600 = .975
     
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  7. TruckerPete1990

    TruckerPete1990 Road Train Member

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  8. thelushlarry

    thelushlarry Road Train Member

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    This is cheap no matter what formula you use.:biggrin_25523:
     
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  9. Pete jockey

    Pete jockey Medium Load Member

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    It sure is lol
     
  10. rollin coal

    rollin coal Road Train Member

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    Well if your cost to roll is only 78 cents a mile (allegedly!) that 97.5 cents means a 20% profit. So ones man's cheap is another's gold mine. Me, I'd just roll on over and go back to sleep lol.

    The formula:

    97.5 x .80 = 78
     
  11. rank

    rank Road Train Member

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    Truthfully, the load probably paid the company ~$1300 and the in house "brokerage" business took $400 off the top.
     
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  12. mc8541ss

    mc8541ss Road Train Member

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    Hopefully he threw those numbers out as an example but sad as it is they are probably real numbers.
     
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