hours = input("Enter hours: ")
try:
    hours = float(hours)
except:
    print('Please enter a valid number')
    quit()

rate = input("Enter rate: ")
try:
    rate = float(rate)
except:
    print('Please enter a valid number')
    quit()

if hours > 40 :
    overtime = hours - 40
    overpay = overtime * (rate*1.5) + (40*rate)
    print("Pay: " + str(overpay))
else :
    pay = hours * rate
    print("Pay: " + str(pay))

I had to make a program for the following exercises:
Exercise 1: Rewrite your pay computation to give the employee 1.5 times the hourly rate for hours worked above 40 hours.

2: Rewrite your pay program using try and except so that your program handles non-numeric input gracefully by printing a message and exiting the program

Im a complete beginner and i want to learn python. This code works but i feel like there could be a much easier way to do this. Im not sure but i feel like there is and i was wondering if anyone could help me with what i could do to make this more simple but still work properly. If this is a decent piece of code id be happy to hear that too :) Thank you.