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Need formula to distribute a pool of income to individuals based on hours worked

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    Question Need formula to distribute a pool of income to individuals based on hours worked

    Hi guys, hope you're having a good morning!

    I have been tasked to create a spreadsheet for a company that will distribute a pool income of tips to a number of bartenders based on the hours they worked. For instance, if the entire staff of bartenders made $215 of tips in one night and there were 3 bartenders working that night (bartender #1 - worked 3 hours, Bartender #2 - worked 4 hours, bartender #3 - worked 6 hours), what excel formula can I use to proportionally distribute this pool income to each bartender based on the hours they worked?

    All the help is greatly appreciated. Please ask any questions if I need to clarify anything. Thank you in advance,

    Michael

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    Re: Need formula to distribute a pool of income to individuals based on hours worked

    Bartender names in A2:A5, Hours worked in B2:B5, Total Tips in D1
    in C2 copied down
    =B2/SUM($B$2:$B$5) * $D$1

    Does that work for you? Format cells as currency
    ChemistB
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    Re: Need formula to distribute a pool of income to individuals based on hours worked

    Thank you ChemistB! That was EXACTLY what I was looking for. Wish I could tip you.

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