What Is a Millage Rate?
Refers to the ratio of business mileage to mileage, generally in the unit of a car, the formula is
Mileage utilization
Right!
- Refers to the ratio of business mileage to mileage, generally in the unit of a car, the formula is
- Mileage utilization = operating mileage (km) / mileage driven (km) * 100%