How Do I Calculate Pro Rata

Pro Rata Calculation

A pro rata calculation is used to determine a proportional amount of something based on a fraction of a whole period or quantity. It's commonly used for things like prepaid expenses, salaries, insurance premiums, or dividends when an event occurs mid-period, requiring an adjustment to reflect the actual time or usage.

.pro-rata-calculator { font-family: sans-serif; border: 1px solid #ccc; padding: 20px; border-radius: 8px; max-width: 400px; margin: 20px auto; box-shadow: 0 2px 4px rgba(0,0,0,0.1); } .pro-rata-calculator h2 { text-align: center; margin-bottom: 20px; color: #333; } .pro-rata-calculator p { margin-bottom: 20px; line-height: 1.5; color: #555; } .pro-rata-calculator .inputs { margin-bottom: 20px; } .pro-rata-calculator .form-group { margin-bottom: 15px; display: flex; flex-direction: column; } .pro-rata-calculator label { margin-bottom: 5px; font-weight: bold; color: #444; } .pro-rata-calculator input[type="number"] { padding: 10px; border: 1px solid #ddd; border-radius: 4px; box-sizing: border-box; /* Ensures padding doesn't affect width */ } .pro-rata-calculator button { width: 100%; padding: 10px 15px; background-color: #007bff; color: white; border: none; border-radius: 4px; cursor: pointer; font-size: 16px; transition: background-color 0.3s ease; } .pro-rata-calculator button:hover { background-color: #0056b3; } .pro-rata-calculator .result { margin-top: 20px; padding: 15px; background-color: #e9ecef; border: 1px solid #ced4da; border-radius: 4px; text-align: center; font-size: 1.1em; color: #333; min-height: 20px; /* To ensure it's visible even when empty */ } function calculateProRata() { var totalAmount = parseFloat(document.getElementById("totalAmount").value); var totalPeriod = parseFloat(document.getElementById("totalPeriod").value); var partialPeriod = parseFloat(document.getElementById("partialPeriod").value); var resultDiv = document.getElementById("result"); if (isNaN(totalAmount) || isNaN(totalPeriod) || isNaN(partialPeriod)) { resultDiv.innerHTML = "Please enter valid numbers for all fields."; return; } if (totalPeriod <= 0) { resultDiv.innerHTML = "Total period must be greater than zero."; return; } if (partialPeriod < 0) { resultDiv.innerHTML = "Partial period cannot be negative."; return; } // Pro rata formula: (Total Amount / Total Period) * Partial Period var proRataAmount = (totalAmount / totalPeriod) * partialPeriod; resultDiv.innerHTML = "Pro Rata Amount: " + proRataAmount.toFixed(2); }

Leave a Comment