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Default Reference range of cells and perform subtraction or nothing depending on contents

Thanks in advance for the help. My sheet is for calculating per-diem for employees. Their starting per-diem is 600, and every day they work, I subtract 30 from the 600. So, on days that they work, I put a "W" in the corresponding day and an "O" if they don't work. Is there a formula that will examine a range of cells containing "W" or "O" and subtract 30 if "W" appears and do nothing if "O" appears, then keep a running total of the per-diem that is left?

Truly,

Robert
 
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