👉 Billing math involves calculating the charges for services or products based on specific rates and quantities. For instance, if a service is billed at $50 per hour and you use it for 3 hours, the total cost is $150 (3 hours x $50/hour). Additional elements like taxes, discounts, and perks are factored in to determine the final amount due. Businesses often use tiered pricing, where different rates apply based on usage levels (e.g., basic vs. premium plans), and may offer discounts for bulk purchases or long-term commitments. Accurate billing requires tracking usage, applying the correct rates, and ensuring compliance with any applicable policies or regulations.
