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- To calculate your cost per mile, follow these steps:
- Determine your total expenses by adding fixed costs, variable costs, and salary costs.
- Calculate your total number of miles driven.
- Divide the total expenses by the total miles to get your cost per mile123.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Using the above example numbers, let’s figure out your cost per mile. First, calculate your total expenses by adding fixed costs, variable costs, and salary costs: $2,875 + $4,950 + $4,500 = $12,325 Next, divide the total expenses by your total number of miles (8,542). $12,325 / 8,542 = $1.44 Your cost per mile is $1.44.truckstop.com/blog/how-to-calculate-cost-per-mile/To calculate cost per mile, divide your total expenses by the total miles you have driven for a selected time period: For example, if your total monthly expenses are $5,000 and you drove 10,000 miles, your cost per mile is $0.50.elogii.com/blog/cost-per-mileThis is very simple, subtract your odometer readings: Odometer from end of month - Odometer from beginning of month = Total Miles Now you just divide the two numbers to get your cost per mile.www.rigbooks.com/resources/calculating-your-cos… - People also ask
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