Locksmith: Daily Key-Cutting Revenue

Excel Formulas › Locksmith

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The key machine is steady counter income. Multiply the number of keys cut by your price per key and you have the day's key revenue at a glance.


Quick formula: Keys cut times the price per key:
=B2*C2

40 keys at $3.50 each is $140 — a quick read on a slow-looking but profitable line.

Functions used (tap for the full reference guide):

The example

Three days, each with a key count and the price per key.

ABCD
1DayKeys cutPrice / keyRevenue
2Monday40$3.50$140.00
3Friday65$3.50$227.50
4Saturday90$4.00$360.00

The formula

One multiplication per day:

=B2*C2 // keys x price per key

How it works

Counter revenue is just count times price:

  1. B2 is how many keys you cut that day.
  2. C2 is your price per key.
  3. Multiplying gives the day's key-cutting revenue.

Sum the revenue column for a weekly total, or divide by blanks used to confirm your material margin.

Try it: interactive demo

Interactive

Enter the number of keys cut and your price per key.

Variations

Net of blank cost

Subtract the blank cost per key to see profit, not just revenue.

=B2*(C2-BlankCost)

Pitfalls & errors

Track specialty keys (transponder, high-security) on a separate line — their price and cost are far higher than a basic blank.

Revenue is not profit. Subtract blank cost and machine wear to know what each key really earns.

Practice workbook

📊
Download the free Locksmith: Daily Key-Cutting Revenue practice workbook
Edit the yellow Keys cut and Price / key cells; the Revenue column recalculates.

Frequently asked questions

How do I get profit instead of revenue?
Subtract your blank cost from the price first: =B2*(C2-BlankCost) shows the margin you keep on each day's keys.
Can I total the week?
Yes — SUM the Revenue column. =SUM(D5:D7) adds the days into a weekly key-cutting total.

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Related formulas: Locksmith: Service Call Quote · Weighted Average Price · Markup vs Margin

Function references: PRODUCT