Mileage charge: 120 × $0.25 = $30.

Tue, 05 May 2026 15:54:53 +0000

Understanding Mileage Charges: How 120 Miles at $0.25 Per Mile Equals $30 When calculating fuel or mileage expenses—especially for business, travel, or personal vehicles—one common equation you’ll encounter is 120 × $0.25 = $30. But what does this simple multiplication mean, and how does it impact budgeting, accounting, and travel planning? This article breaks down the mileage charge formula, explains its real-world applications, and why understanding mileage rates is essential for saving money and striking accurate financial records. --- ### What Is a Mileage Charge?