maths help please

[muddyjames]

I need to work out how many pence a mile my ranger does. I know it does 28mpg. How can I work this out to pence per mile and fuel at 122.9ppl? I did 123 miles so need to work out the cost of that trip.

[dxmedia]

I need to work out how many pence a mile my ranger does. I know it does 28mpg. How can I work this out to pence per mile and fuel at 122.9ppl? I did 123 miles so need to work out the cost of that trip.

123 miles divided by 28mpg = 4.392857143 gallons used for trip.

4.54L to a gallon, so

4.392857143 x 4.54 = 19.943571429 liters of fuel used

At 122.9ppl it's 1.229 pounds per liter

1.229 x 19.943571429 = 24.510649286


Or £24.51

[muddyjames]

thanks very much. I could have used many batteries in my calculator working that out and never got that right answer. cheers. :-)

[hairyasswelder]

Different way round.....

1.229 x 4.55 = £5.59 per gallon

£5.59 / 28 mpg = £0.20p per mile

£0.20p x 123 = £24.60

All obviously rounded off but you can use the 20p / mile for each journey if the price of fuel is constant  ;)

Steve

[V8MoneyPit]

If you are charging it as expenses, you should add a fair chunk on top of the fuel cost. The tax people have specific rates per mile that include wear and tear. IIRC, based on engine size, a 3.5 V8 can be charged at nearer 50p a mile.

[muddyjames]

it is for a charity so dont like to claim lots on some occasions! ;)

[Yoshi]

Its not done on engine size anymore.

Its done on the type of vehicle.

For example a car/4x4 gets 40p per mile for the first 10,000 miles, then 25p per mile for the rest.

Just had to go through all this with her in doors, as she gets mileage.

Even if you are paid for your mileage by your employer you can still claim the difference between that and the 40p as tax relief.

However if you are paid over the 40p per mile by your employer then the difference is taxable (i.e. if you are paid 50p per mile then 10p of that is taxable as its over the allowance).

[Llanigraham]

If you are charging it as expenses, you should add a fair chunk on top of the fuel cost. The tax people have specific rates per mile that include wear and tear. IIRC, based on engine size, a 3.5 V8 can be charged at nearer 50p a mile.

Tax Office allow you to claim 40p a mile, anything over that is profit and you are taxed on it. Subject to a mileage limit as well, but I can't rememeber what that is.