How do you calculate cost per mile for driving?
How do you calculate cost per mile for driving?
Calculating cost per mile becomes a simple equation once you know your mileage and total expenses. Divide your total expenses by the total number of miles driven, and the result is your cost per mile.
How do I figure out how much gas will cost for a trip?
Take the mileage of the total distance of your trip and divide it by your miles per gallon to get the number of gallons of gas you will need on your journey. Then multiply that figure by the current gas price, and the result is the estimated cost of gas for your road trip.
How do you work out mileage?
Calculate
- Get the miles traveled from the trip odometer, or subtract the original odometer reading from the new one.
- Divide the miles traveled by the amount of gallons it took to refill the tank. The result will be your car’s average miles per gallon yield for that driving period.
How do you calculate price per km?
Then you need to divide the cost of one unit of fuel by this fuel efficiency number. Formula to calculate fuel cost per km: Fuel cost per km = fuel cost per litre or kg/mileage or fuel consumption.
How much does each mile cost?
According to the Internal Revenue Service, a mile costs $0.53.
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