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How can someone calculate fee for executing Plutus smart contract given that they know CPU and Memory Units required for executing Plutus Script?

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You can now use fee estimator at https://testnets.cardano.org/en/testnets/cardano/tools/plutus-fee-estimator/

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  • Doesn't really answer the question. OP or somebody who finds this might be looking for an explanation of the formula rather than a tool to do the calculation.
    – gRebel
    Jan 24, 2022 at 22:33
  • The formula is a simple multiplication. MemoryUnits X MemoryUnitCost + CPUsteps X CPUstepCost. As for the costs, I honestly don't know the numbers. Jan 25, 2022 at 4:43

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